Press Release Daily Today TheBitTimes.com

A new project aims to build a peer-to-peer marketplace to facilitate censorship-resistant, permissionless trading among Bitcoin users. Peer-to-peer (P2P) Bitcoin (BTC) marketplace s remain an important cog in allowing users to move money across borders, but their future depends on becoming permissionless and unstoppable according to Paxful’s Ray Youssef. Youssef, alongside Nicolas Gregory and Antoine Riard, is driving the development of Civ Kit, a P2P marketplace that will leverage the technology of Nostr and the Lightning Network to power a decentralized platform allowing censorship resistance and permissionless trading among peers. Youssef spoke exclusively to Cointelegraph’s Joe Hall at the Surfin’ Bitcoin conference hosted in Biarritz, France about the in-development project that is aiming for an alpha release toward the end of 2023. According to the white paper co-authored by Youssef, Gregory and Riard, the Civ Kit system will use the Nostr protocol for its P2P order book and...

Find out why it’s crucial for peer-to-peer (P2P) payment networks to be able to operate offline. What is a peer-to-peer payment protocol, and how does it work?Is Bitcoin truly a peer-to-peer protocol?Why did Satoshi Nakamoto describe Bitcoin as “peer-to-peer electronic cash”?What about other digital payment systems?What would it take for CBDCs to be considered peer-to-peer?What is machine-to-machine commerce, and how can it benefit from P2P payments?Do we even need these peer-to-peer protocols?Is there a true peer-to-peer payment solution available? What is a peer-to-peer payment protocol, and how does it work? Peer-to-peer (P2P) payment protocols are sets of rules and standards that enable transactions directly between two parties without intermediaries like banks or payment processors. P2P payment protocols increase security with cryptographic encryptions and provide lower transaction fees, as there are no intermediaries involved. Blockchain-based P2P protocols are widely used in th...