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'''Bitcache''' is a [[Blockchain (database)|blockchain]] powered service that links [[File transfer|file transfers]] to [[bitcoin]] [[Microtransaction|microtransactions]]. The technology was built to enable millions of anonymous [[Micropayment|micropayments]] to be performed at speed.

== Concept ==

The general concept of Bitcache is that it provides an online reward structure for online content providers. By linking every file transfer to a small bitcoin microtransaction, the Bitcache system provides a [[feedback mechanism]] to users with a value associated with each download. The solution breaks bitcoins down into "Bits" worth a millionth of one bitcoin, with payments using Bits taking place on the Bitcache platform, not in the main blockchain.

Bitcache lets creators including musicians, filmmakers, media organizations, YouTube [[Video blog|vloggers]], and [[Blogger|bloggers]] accept payments as low as $1 from their audience.

== History ==

In October 2016, a successful public funding campaign on [[BnkToTheFuture]] raised more than 1 million USD to fund the platform, with the first half raised exclusively through bitcoin investment.

The project planned to announce a stock and cash merger with a publicly listed Canadian company on January 20, 2017, which would have provided additional startup funding of $12 million and valued Bitcache at $100 million. These plans were blocked after the [[Canadian Securities Exchange]] demonstrated a bias against the proposed merger. Following this development, chief evangelist [[Kim Dotcom]] stated, "Nothing has changed" for Bitcache, and "Everything is going according to plan."

As of January 2017, the technology's cryptographic logic is done and a team of 12 is getting the service ready for a first release. In August 2017, a live demo site opened to 10,000 users who requested early access., revealing that Bitcoin Cash would be integrated into Bitcache.

An [[Initial coin offering|initial coin offering (ICO)]] is planned for the 4th quarter of 2017, with Bitcache expected to go live in mid-to-late 2018.<ref name="fortuneaugust" />

==See also==
*[[Bitcoin network]]

==Source==

[http://wikipedia.org/ http://wikipedia.org/]
[[Category:Services]]
[[Category:Blockchain]]

Bitcache - Revision history

Admin: Created page with "'''Bitcache''' is a blockchain powered service that links file transfers to bitcoin microtransactions. The..."