As of today Bitcoin now has a new exchange where its virtual currency can be traded, which is now more secure and been created in after the existing Mt. Gox vulnerabilities were exposed over recent months. The new Ruxum Exchange has been created by Chad Pankewitz and team and has been designed to provide a more secure environment for Bitcoin traders.
The new Ruxum Exchange has been opened into a private beta for the moment and now allows users to buy, sell and trade both Bitcoin and Namecoin. If you are unfamiliar with either of those two virtual currencies more information is provided after the jump, together with a video explaining Bitcoin.
Tech Crunch explains:
“Bitcoin is an anonymous online currency whose transactions and monetary supply are verified by digital cryptography and maintained by an open-source peer-to-peer network”.
“Namecoin is a fork of the Bitcoin project, which uses the P2P network to, instead, build a decentralised domain name system that is less vulnerable to downages. For more on Namecoin, click here.”
Source: Tech Crunch
Filed Under: Technology News