Coinkite is one of the leading bitcoin technology platforms offering multi-signature, bank-grade security, hardcore privacy, and a developer API.
Coinkite has always advocated the potential of private web solutions for the bitcoin ecosystem and they have been working hard to offer the public new innovative solutions designed for privacy.
Recently, Coinkite released their BitKit API and made it available to developers wanting to build their own bitcoin applications on top of the Coinkite platform. Now the Company has made available its latest release making that allows the Bitkit API to be used as a Tor hidden service.
Although Coinkite noted that their goal is not to facilitate illegal activity on the Internet, the bitcoin point-of-sale specialists have also explained that there is a need for individuals and businesses to protect their privacy while online.
Coinkite explained that this latest release is not intended to be used or to facilitate the development of underground marketplaces such as Silkroad, Agora or Evolution. On the contrary, the Coinkite developer team believes that this API toolkit could be valuable for anyone who is trying to build a user-friendly alternative to other decentralized marketplaces. Coinkite pack is included with multi-signature solutions, cold storage and offline password generation which could be useful to administrators of privacy-focused online marketplaces.
Peter D. Gray, Founder & CTO of Coinkite says:
“I do think Tor might help Russian citizens access Bitcoin safely and with complete privacy. We have offered Tor for login and all user functions at Coinkite since summer of 2014, and we do have many users who use Tor daily.”
The company acknowledges that the potential of the anonymous network is a possible solution for bitcoin users and developers in certain countries with restrictive regulatory environments and that’s why they developed this API which makes it possible for businesses to operate through Tor.
Coinkite services will now include the ability to send bitcoin via SMS and email, generate receiving addresses, check balances and import private keys using the Tor Network.