How does Cryptonator work?

http://ift.tt/1T87bDw

A) User wants to buy good B) Cryptonator says "send .0123 BTC to this address" C) User sends BTC D) Cryptonator reports transaction successful, notifies Merchant account (email? There's an API too haven't looked into it much)

Are they just scanning the blockchain and checking for that exact amount? Won't they run out of addresses at some point?

( http://ift.tt/1g3bmI6 didn't say how many could be from 1 keypair )

submitted by /u/quantumproductions_
[link] [comments]

Read More

Popular posts from this blog

World Economic Forum Bitcoin Discussions Validate the Movement

The World Economic Forum WEF has long been a lightning rod of global discussion on economic, social and political trends. This years gathering in Davos, Switzerland, was no exception.Blockchain technology emerged center stage last week as a key discussion theme, receiving praise from attendees for its cutting-edge potential. Bitcoin and the future of cryptocurrencies, too, were highly discussed topics at the forum, not just casually but also in an official session and a few panel discussions.
Read more