Bitcoin mining testnet
A new Canadian exchange launched this week,offering cheaper rates than the incumbent,and touting an advanced API. Toronto-based Vault of Satoshi is offering trades between fiat currency and either bitcoin or litecoin.
The exchange,which is offering all of its services at 0.5% or below,is entering a relatively uncrowded market in Canada. The incumbent is Virtex,a Canadian exchange with fees of 1.5% for transactions less than 400 bitcoins over 120 days.To get the 0.5% rate from Virtex,you’d need to trade more than 2, 000 bitcoins over three months.
“I would say that we have one of the most comprehensive APIs in the world aside from Mt. Gox and these other exchanges,and the most comprehensive API in Canada, ” said Michael Curry,CEO of the company.
He has a track record in startups,having started website monitoring firm Verelo and sold it to Dyn this January.After that,he started working on his exchange,which he originally began testing on the Testnet in May.
Curry consulted for a mutual fund company and wrote a buy/sell system for one of the companies there. This,and his experience developing website monitoring software,positioned him well to create his own software system in C,he said. “We’ve taken a lot of knowledge from ramping up Verelo, ” he added.
Source: www.coindesk.com
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