During the last couple of months, the popularity of Sibcoin has quickly grown, both in Russia, where the coin originates, but also in many other regions of the world. For those who do not know, the Sibcoin network was launched in 2015, and its code represents an improvement of the Dash blockchain.
Disclosure: This is a Sponsored Article
Thanks to its unique hashing algorithm known as Stribog, Sibcoin is ASIC-resistant, which means that high decentralization can be achieved on the network, alongside profitable mining. The main mission of Sibcoin, is to become a true digital currency for its people, and it aims to do this through the variety of online services being offered, mobile apps and numerous partnership programs.
In an effort to further improve Sibcoin, the development team has recently published a new version of the iOS and Android wallets. Unlike some of the other wallets available on the market, this one comes with a unique feature: the fact that the wallet is able to read Bitcoin and Biocoin QR codes.
This new feature can be accessed whenever a user wishes to pay, or transfer money. With this in mind, if a Sibcoin user wishes to make a purchase in a store where bitcoin is accepted, yet other cryptocurrencies are not, they will be able to pay directly via the Sibcoin wallet, by scanning the QR code. In other words, the app now provides a currency conversion service, from Sibcoin to Bitcoin and Biocoin, processed instantly.
Recently, the team behind the cryptocurrency, has also mentioned that the new update will grant users access to more exciting features. For instance, Bip70 payments will be supported, which is the same payment protocol being used by BitPay, one of the biggest digital currency service providers in the world. For those who do not know, spenders will be able to receive signed payment details from payment receivers.
You may be interested
China’s Official Government Auditor Is Looking at Blockchain SolutionsBrian Evans - Apr 25, 2018
China's National Audit Office thinks blockchain streamline its data storage operations.
Weekly Price Overview: Cardano, April 24Brian Evans - Apr 25, 2018
We asked, you voted. So here is some Cardano for you 🙌 #PRICE_ANALYSIS
BaFin Registers BITREAL Capital For Hybrid Crypto Fund In GermanyBrian Evans - Apr 25, 2018
German firm BITREAL Capital GmbH has been approved to launch the first hybrid cryptocurrency and real estate fund in Germany. #NEWS