What is 21 Inc?
The application is initially made useful and free for developers in a command line environment. It is also available for use in its own 21 Bitcoin Computer, Android / iOS, other developed Bitcoin computers and soon on Amazon Machine Image and Docker Container. 21 Inc is a Bitcoin startup which aimed to provide tools for business development in the Bitcoin industry. The company features their service as an application, a marketplace, a network and a library.
21 is also a marketplace where users or developers are able to buy or sell APIs in exchange for Bitcoin. These APIs are useful for developing Bitcoin-based game apps, payment system and other fun and useful applications.
The 21 network allows software developers to connect with other developers in the Bitcoin community. As a capitalist network, it allows them to host their APIs and at the same time manage their API earnings.
As a software library, users may add Bitcoin micro payments to newly made projects and as well as to the old ones, using one line of code. It allows high-frequency Bitcoin-based micro transactions in minimal transaction fees.
21 Inc started in the year 2015 without any clear business plan released to the public. They went from being a mysterious startup to one of the exciting and most talked about in the industry. According to Coindesk, they were able to raise $116 million of investments in March 2015 from over a number of fundraising rounds.
In September 2015, 21 Inc released its first ever product, the 21 Bitcoin computer. The product is both a learning and a mining tool. It claims to be the fastest way for developers to learn the cryptocurrency. It includes a micropayment server, a full copy of the blockchain and a command line interface to be used for mining, buying and selling digital stuff for Bitcoin.
However, the device is not mainly for mining as other developers expected it to be since the device is a little bit expensive for mining. The Bitcoin computer rather is a platform to create new developments with the use of the technology. 21 provides tutorials from basic cryptographic hashes to digital signatures. It provides users first-hand experience to Bitcoin and Blockchain. It is 21’s vision that one day their chips will have more refined versions to improve and innovate everyday consumer.
The 21 Bitcoin computer is undoubtedly one of the most interesting new technology in the industry. Its ability to be recreated could be a kickstart to the future widespread adoption of Bitcoin Systems.The hardware device includes a mining chip that for a constant stream of Bitcoin that will be used for development. The microchip is connected to a Raspberry Pi. It has an excellent command line interface that includes a full multi-signature wallet. It is installed with a suite of pre-configured Bitcoin-based software. It can also function as a micro payments server and a full node. The full copy of the Blockchain is stored in its 128 GB SD card. It has a WiFi adapter, device-to-laptop cable, Rpi 2 and a power supply, all needed to get started.
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