Coinbase, a digital wallet and platform that lets anyone with a US bank account buy and trade Bitcoin currency, announced last week that it is now supporting instant, free micropayments, in Bitcoins. In a blog post, Coinbase CEO and founder Brian Armstrong wrote that Coinbase would start handling small--typically under $1--Bitcoin transactions "off-blockchain". That means each one wouldn't have to go through the algorithmic validation process across the whole Sitcom network, which can take a few minutes or more, but would instead be sent directly between two Coinbase accounts and validated later.
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