Identity Protocol Provider Onename to Utilize Bitcoin

By September 15, 2015Bitcoin Business

Onename, an open-source protocol provider which creates secure and trustless identities on the blockchain network has announced that the platform will switch from namecoin’s blockchain to bitcoin at the Blockstack Summit 2015.

The company’s co-founder Muneeb Ali explained, “Namecoin is not secure,” because of one mining pool’s dominant control over the Namecoin mining network. According Onename co-founder Ryan Shea, one of China’s largest mining pools Discus Fish (F2POOL) controls over 60% of the entire Namecoin […]

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