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.
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 is also a marketplace where users or developers are able 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 micropayments to newly made projects and as well as to the old ones, using one line of code. It allows high frequency Bitcoin-based microtransactions 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 raised $116 million of investments on 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 stuffs 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 devices.
Photo courtesy: www.21.co
The hardware device includes a mining chip that for 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 multisignature wallet. It is installed with a suite of pre-configured Bitcoin-based software. It can also function as a micropayments server and a full node. The full copy of the Blockcahin 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.
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.
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