ParadoxBTC has an announcement to make. We have been very disappointed with the recent hacks of multiple bitcoin exchanges, including Mt Gox, Flexcoin, and Bitcurex. Unless something major in the cryptobanking industry is changed, these attacks will continue to happen. To help combat these attacks in the future and to improve the way companies and exchanges deal with bitcoin, we have created a specialized branch. This branch of ParadoxBTC will be developing standards for the industry and will be a pioneer in bitcoin innovation. Our first standard is called PBTC-0001. This standard will secure exchanges from future attacks. In the payment industry there is PCI-DSS, in the bitcoin industry there will be PBTC-0001. Here is the draft copy of the proposal of the standard, it gives a basic view of what the standard will cover! https://dl.dropboxusercontent/u/38935765/Documents/PBTC-0001%20Compliance%20Proposal.pdf
Posted on: Sun, 16 Mar 2014 03:55:41 +0000