Bits of Proof launches 'Red Hat for Bitcoin'

Bits of Proof has launched an enterprise software server for Bitcoin to make it easier for companies to get up and running with their Bitcoin apps.

AccessTimeIconMay 17, 2013 at 8:09 a.m. UTC
Updated Sep 10, 2021 at 10:46 a.m. UTC

A Hungarian company is about to launch an enterprise-class software product designed to make it easy for businesses to create bitcoin-enabled applications.

(BOP) calls the open-source software, "Red Hat for Bitcoin."

The BOP Enterprise Bitcoin Server is a redone version of the core software originally designed by Bitcoin creator Satoshi Nakamoto that communicates with other computers on the Bitcoin network. Bits of Proof founder Tamas Blummer has reworked the algorithm using his own code, creating an entirely new version of the software. He then developed a messaging system allowing third-party software to communicate with it using standard web and mobile device protocols.

The result, Blummer says, is a high-performance, scalable Bitcoin node that enterprise developers don't have to tinker with. It offers virtually zero setup time and hassle, he claims. Instead, developers can concentrate on quickly rolling out their Bitcoin applications and services.

The software, which uses the Java programming framework, uses multi-threaded transaction validation. This means that its performance scales with the number of processors available on the hardware used.

"Satoshi is a genius, but his implementation of the protocol is hard to maintain and extend," Blummer wrote in November, when he first made the code available for community review. "I believe that peers will specialize and this implementation is suited for the big server, tailored for some heavy lifting tasks, not for a mobile."

At the Bitcoin 2013 conference this weekend, attendees will see a public demonstration of the product. They will also get complimentary three-month access to the server, which the company says represents a $650 value.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.