NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin Company Bitrated Tries to Restore Trust in Bitcoin

newsbtc
newsbtc
4 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitrated, a startup bitcoin company based in Israel, is working to bring trust back to bitcoin after the cryptocurrency has been mired by negativity in recent years. As a cryptocurrency, the lack of regulation for bitcoin has been seen as both an advantage and disadvantage.

For one, the anonymity of transactions has been seen as a more secure approach for payments by some while others see it as a change to participate in illegal dealings. The use of the blockchain as a ledger for transactions, which is the unique selling point of bitcoin, has also been frequently questioned.

Bitcoin Company Proposals

Some say that exposing the parties involved in transactions and increasing regulation on the bitcoin industry could solve the security threats while others think that this could be damaging to the very nature of the cryptocurrency. Bitrated aims to create a trust platform that could upgrade the security of bitcoins while keeping transactions anonymous.

Currently, Bitrated runs a reputation management system, a multi-signature verification for payments, and an arbitrated marketplace that allows for payment reversals. These components are modelled based on a web of trust, which involves a social graph of relationships among its users.

The bitcoin company also makes use of trust scores called Bitrating in order to have metrics for how trustworthy users are. This employs an algorithm that uses information from the client’s social media profile, such as Reddit, Twitter, and LinkedIn.

Founder Nadav Ivgi says that his bitcoin company is hoping to leverage existing social media accounts into adding security features and reputability to transactions. “Some of that information is about identifying throw-away sockpuppet accounts, some is about verifying the user identity – by leveraging the fact that services like PayPal and Coinbase already verify the user’s identity and expose it via their API – and some is more likely related to trustworthiness,” he explained.

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Comments 6

  1. cohagen says:
    10 years ago

    Israel, one of the most disputed, dangerous and chaotic places on the planet, not a good place to set up shop and claim stuff like trust and solid foundation LMFAO!

    Reply
  2. John Beamer says:
    10 years ago

    and what is to stop Bitrated from stealing funds on their site? Arbitration doesnt work what if the arbiter is the buyer. BitHalo has two party escrow and decentralized markets, a much better way, no trust required.

    Reply
    • Elwar says:
      10 years ago

      multisig transactions…Bitrated sees no funds from a transaction

      Reply
      • John Beamer says:
        10 years ago

        it uses 2 of 3. All it takes is for the arbiter to pose as the buyer or
        seller. Collusion allows for theft. Also agents are not unbiased. How can
        you determine who is lying? This is why people don’t use Ebay, because
        Ebay is unable to arbitrate. Why use third parties on Bitcoin that was
        created to avoid third parties.

        Reply
        • Elwar says:
          10 years ago

          Yes, 2 of 3…so Bitrated can’t steal funds from their site.

          Reply
          • John Beamer says:
            10 years ago

            if they are not the arbiter then yes. So they are trying to build a web of trust based on escrows that they monitor… interesting. I’m just not a fan of third parties, but some people are. Best of luck to them.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 6

  1. cohagen says:
    10 years ago

    Israel, one of the most disputed, dangerous and chaotic places on the planet, not a good place to set up shop and claim stuff like trust and solid foundation LMFAO!

    Reply
  2. John Beamer says:
    10 years ago

    and what is to stop Bitrated from stealing funds on their site? Arbitration doesnt work what if the arbiter is the buyer. BitHalo has two party escrow and decentralized markets, a much better way, no trust required.

    Reply
    • Elwar says:
      10 years ago

      multisig transactions…Bitrated sees no funds from a transaction

      Reply
      • John Beamer says:
        10 years ago

        it uses 2 of 3. All it takes is for the arbiter to pose as the buyer or
        seller. Collusion allows for theft. Also agents are not unbiased. How can
        you determine who is lying? This is why people don’t use Ebay, because
        Ebay is unable to arbitrate. Why use third parties on Bitcoin that was
        created to avoid third parties.

        Reply
        • Elwar says:
          10 years ago

          Yes, 2 of 3…so Bitrated can’t steal funds from their site.

          Reply
          • John Beamer says:
            10 years ago

            if they are not the arbiter then yes. So they are trying to build a web of trust based on escrows that they monitor… interesting. I’m just not a fan of third parties, but some people are. Best of luck to them.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

TRON Defies Market Dip as USDT Activity and Drawdown Metric Signal Growth

TRON Defies Market Dip as USDT Activity and Drawdown Metric Signal Growth

While the broader crypto market experienced a downturn with a 2.7% decline in total market cap over the past 24...

Samuel Edyme 2 hours ago
Ethereum

Ethereum In Demand: ETF Inflow Streak Extends To 7 Weeks

Institutional demand for Ethereum appears strong as spot exchange-traded funds (ETFs) have recorded seventh-straight week of inflows. US Ethereum Spot...

Keshav Verma 3 hours ago
Bitcoin

Michael Saylor Drops $500 Million On Bitcoin—What’s His Next Move?

MicroStrategy has just added another 4,980 Bitcoin to its stash, spending about $531 million at an average of $106,801 per coin....

Christian Encila 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

PENGU爆量起飛42%價格突破0.0145美元 BTCBULL預售780萬最後FOMO階段!

Kelvin Lee 28 minutes ago
Bitcoin, Crypto, BTC

Bitcoin Holds Key Level Amid $108,000 Rejection, But Analysts Suggest Caution This Quarter

Rubmar Garcia 1 hour ago

Акции Chainlink выросли почти на 12%

lisachaikina 1 hour ago

Premium Sponsors

Press Releases

  • Ethereum Enthusiasts Easily Earn a Stable Daily Income of...

    8 hours ago
  • Hledáte nejlepší kryptoměny k nákupu v roce 2025

    Hledáte nejlepší kryptoměny k nákupu v roce 2025? Tady...

    11 hours ago
  • Cauți cele mai bune criptomonede de cumpărat în 2025?...

    12 hours ago
  • Tražite najbolje kriptovalute za kupnju u 2025. 4 top izbora za vaš portfelj

    Tražite najbolje kriptovalute za kupnju u 2025.? 4 top...

    12 hours ago
  • 今が狙い目の割安アルトコイン特集|注目すべき銘柄をチェック!

    ...

    16 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.