RATE Group | How Hodl Hodl Is Building a Real Business With Bitcoin Smart Contracts
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How Hodl Hodl Is Building a Real Business With Bitcoin Smart Contracts

03 Jun How Hodl Hodl Is Building a Real Business With Bitcoin Smart Contracts

Posted at 15:58h in Bitcoin News by

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Bitcoin may be the original cryptocurrency, but it can still learn new tricks.

In an industry where bitcoin has taken a backseat to networks like ethereum, at least when it comes to enabling more complex and exotic transactions, both founders behind the peer-to-peer exchange platform Hodl Hodl believe people are underestimating bitcoin’s potential. Unlike many of the new startups creating their own blockchains, Hodl Hodl is doing these complex transactions on the bitcoin blockchain, countering the narrative that bitcoin is only good as a store of value.

The exchange platform debuted in March, and within weeks it garnered more than 5,300 registered users in over 30 countries, all transacting directly through either the bitcoin or litecoin blockchain by using what’s known as a multi-signature smart contract.

Hodl Hodl never touches bitcoin deposits or traditional fiat payments. Rather, it simply provides listings for people to connect, plus an interface to help users apply smart…

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