Months after staying in a private beta stage, Bitcoin startup Gem recently matured itself into a fully functional API, available to be exercised by developers around the world to simplify and secure Bitcoin app development.
A voluminously reported platform thanks to its “further voluminous” seed funding results, Gem was undoubtedly gaining recognition for its profoundly handsome objectives. Back during the infant days, the startup claimed that their API could be used to create digital currency apps within the matter of minutes, with minimal line of codes. The spotlight later helped Gem raise around $3 million in seed funding by a number of major investment firms, with many calling the startup as a “game changer”.
Now with a full-fledged launch, Gem seemed to have lived, at least, up to its own expectations. This would-be groundbreaking technology is out in open where it can be accessed by both small and bigwig developers. In a separate mailer provided to NewsBTC.com, Gem has also announced to aid small developers by making its services “free”. This one step could easily boost its adoption rate within “the matter of minutes.”
Bank-Grade Bitcoin Security
Despite being equipped with all sort of security layers (2-3 multi signature, multi authentication, and custom rules engines to monitor transactions), Gem hints to be prepared for the unimaginable Bitcoin thefts, even when it involves the hardly-practiced hardware access. The company, out of its pure concern, has therefore integrated a first-in-the-Bitcoin-industry Custom Hardware Security Modules with the help of Thales e-Security, an additional cover that literally makes their security level as equal as those of banks. The same security service is currently being exercised by some of the world’s largest banks, as well as by military to encrypt confidential information.
The developers involved with Gem API therefore can excuse themselves from worrying about the security, and can rather channel their strength towards developing the cutting edge apps for the booming Bitcoin world.
“Bitcoin is really hard, but building with it shouldn’t be,” Gem envisions.