Friday, 19 September 2014

Bitcoin Using for Developers

Bitcoin can be used to build amazing things or just answer common needs.

IconThe simplest of all payment systems

Unless payment needs to be associated with automatic invoices, accepting money is as simple as sending a bitcoin: link or displaying a QR code. This simple setup is within reach of any user and can fulfill the needs of a good range of clients. When done publicly, it is especially suitable for transparent donations and tips.

IconMany third party APIs

There are many third party payment processing services that provide APIs; you don't need to store bitcoins on your server and handle the security that this implies. Additionally, most of these APIs allow you to process invoices and exchange your bitcoins into your local currency at competitive costs.

IconYou can be your own financial system

If you don't use any third party APIs, you can integrate a Bitcoin server directly in your applications, allowing you to become your own bank and payment processor. With all the responsibilities that this implies, you can build amazing systems that process Bitcoin transactions with almost no fees.

IconBitcoin addresses to track invoices

Bitcoin creates a unique address for each transaction. So if you were to build a payment system associated with an invoice, you simply need to generate and monitor a Bitcoin address for each payment. You should never use the same address for more than one transaction.

IconMost of the security is on client side

Most parts of the security are handled by the protocol. This means no need for PCI compliance and fraud detection is only required when services or products are delivered instantly. Storing your bitcoins in a secure environment and securing payment requests displayed to the user should be your main concerns.

IconCheap micro payments

Bitcoin offers the lowest payment processing fees and usually can be used to send micro payments as low as a few dollars in value. Bitcoin allows to design new creative online services that could not exist before only because of financial limitations. This includes various kinds of tipping systems and automated payment solutions.

Trafic Source > https://bitcoin.org/en/bitcoin-for-developers

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