Cryptocurrency exchange Bitfinex has announced Dazaar, an open-source P2P protocol for data streaming.
According to an official announcement, the protocol is an extension to the Hypercore Protocol. Hence, it is scalable, fast and peer-to-peer, the exchange points out.
"We also understand how important it is for users to monetize their data without intermediaries, and that’s why Dazaar integrates a layer to enable time-based micro-payments via any (crypto) currency," the exchange said.
How it works on Dazaar is very straightforward.
For sellers:
- Install Dazaar;
- Choose the payment method, for example, 10000 Satoshi/minute;
- Dazaar will then generate a cryptographic identifier, called the Dazaar Card, which the seller can put anywhere they want for the buyers to discover, such as a Telegram group.
For buyers:
- Connect with the seller using the info on Dazaar Card;
- Pay the fee;
- Receive the data in streams after the seller verifies the payment.
In addition to Dazaar, Bitfinex also developed Dazaar Vision, a live video-streaming desktop application built on top of the Dazaar open-source protocol.
The app reportedly allows anyone to set up live broadcasts and subscriptions, all P2P and in real-time, without signing up required.
In May, Bitfinex rolled out an institutional-focused crypto custodian service.
In cooperation with Koine, a London-based digital asset custody provider, users will be able to get a line of credit on Bitfinex using bitcoin (EXANTE: Bitcoin) or other cryptocurrencies held with Koine.
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