21 Inc’s Bitcoin Vision Becomes Clearer With Announcement of Ping21

21 Inc has announced the launch of ping21, a service that permits users to check the uptime or latency of any provided site from Bitcoin Computers on the 21 network. This is the first release in a series of projects connected to the Web of Things that the company plans to release in the coming weeks.How Does It

Work?Thanks to the release of its

Bitcoin Computer system last year, 21 has produced a decentralized network of machines that are economically linked to each other through Bitcoin. Ping21 essentially takes advantage of 21’s network of devices to process numerous requests in exchange for Bitcoin. This very first service provided by the network allows web designers to see whether a specific device or server is online or experiencing connectivity issues.Ping21 also makes the most of 21’s micropayments marketplace, which suggests the fairly high fees(at least in this context)related to on-chain Bitcoin deals will be avoided.Webmasters will likewise quickly be able to pay to ping much more devices once the 21 Bitcoin Computer system is no longer a requirement

to join the grid-computing network.Why is Ping21 Useful?Individuals who have actually not built their own sites in the past may not understand the value of this new offering from 21. The ability to ping a site from manyvarious locations worldwide permits a webmaster to understand whether there are any possible connection concerns for their site visitors.There are currently companies, such as Pingdom, which allow web designers to determine how their website’s connection is carrying out in various parts of the world. These business charge month-to-month charges to their clients because the idea of pay-per-ping was not useful before the existence of Bitcoin-enabled micropayments.With ping21, web designers are able to pay for pings as they’re required, and the decentralized nature of the 21 network of devices enables web designers to access to devices in a lot more areas than what is provided by existing, central offerings.Creating the Machine Economy Ping21 is a preview of the device economy, which 21 is trying to cultivate. In addition to a currency, 21 also sees Bitcoin as, possibly, a brand-new system resource for computer systems. Bitcoin has basically allowed the set of rewards necessary for devices to trade information and

services on a level that was not

possible in the past.Of course, if a new market for machine-to-machine payments is developed, it is essential for one device to be able to confirm the credibility of information offered to it by another machine. When inquired about this point, 21 Engineer Andrew DeSantis informed Bitcoin Magazine:”If 2 nodes providing similar services are returning considerably various results, we can

carry out audits and make the suitable changes to each node’s credibility on the marketplace.”Remark from conversation Ping21: Earn Bitcoin by Keeping an eye on Uptime and Latency.While ping21 may seem like a basic service to some, 21 is essentially laying the foundation for a lot of the most-interesting applications of Bitcoin that have actually been discussed in the past. This is the sort of structure that could ultimately power decentralized versions of many cloud-based computing services.21 CEO Balaji S. Srinivasan had the following to say on the release of ping21: “The ping service is relatively simple to

deploy and understand, however we desire to stress that ping21 is just a first example of what can be finished with these tools. It’s a proof of principle to reveal what sort of services you can provide via decentralized Bitcoin-incentivized grid computing that are qualitatively various from– and complementary to– exactly what you can receive from central cloud computing.”21 has posted a ping21 tutorial for developers on their website.Kyle Torpey is a freelance reporter who has been following Bitcoin considering that 2011. His work has actually been included on VICE Motherboard, Company Expert, NASDAQ, RT’s Keiser Report and lots of other media outlets. You can follow!.?.!@kyletorpey!.?.!on Twitter.The post 21 Inc’s Bitcoin Vision Becomes Clearer With Statement of Ping21 appeared initially on Bitcoin Magazine. Bitcoin Magazine

Leave a Comment

Scroll to Top