One of Bitcoin’s most popular wallet and block explorer, Blockchain.info, has acquired ZeroBlock, a leading mobile application for iPhone and Android devices, according to an official announcement earlier this week.
Alongside Bitcoin, both companies have experienced an explosive growth and the timing was noted as perfect to combine forces. In November, Blockchain.info had added nearly 300,000 users, and ZeroBlock saw an influx of downloads with the release of an Android version in addition to its success on iTunes for its iOS version of the app.
Acquisition Paid For In Bitcoins
Forex Magnates’ reporters spoke with Blockchain.info’s CEO, Nicolas Cary, during a phone interview following the announcement, who said how the deal was paid for in Bitcoin and structured as a partial upfront payment with a future revenue share as part of the terms, although could not divulge the specific amounts involved as the figures have not yet been made public.
Blockchain.info is widely used by Bitcoin aficionados to explore transactions posted publicly to the official Bitcoin blockchain where all Bitcoin transactions are recorded within the Bitcoin network, as well as providing a wallet feature for users to store and hold the digital currency.
Altcoins Not On Blockchain.info’s Roadmap According to CEO
While other alternative coins (altcoins) in the crypto-currency world are gaining traction, during the phone call with Forex Magnates’ reporters, Mr. Cary indicated that his firm is 100% focused on Bitcoin at the moment and how other digital currencies were not on its company’s roadmap.
Just as wallet is used to hold a currency, a block explorer, such as provided by Blockchain.info, may enable users to check address balances, track coin transfer historical data, watch for the acceptance of transactions, and monitor the network hash rate and other statistics, and may typically offer features such as:
- A method to search for mined block, including a list of recent blocks, transactions and addresses.
- The number of transactions in a given block, and/ or a list of them with respective details.
- Links or data to the preceding and upcoming transaction involving each input and output.
- A history of all transactions involving a given address.
- A history of address balances including current balance information.
Acquisition Comes On The Crest Of The Bitcoin Wave
Commenting in the official press release, Mr. Cary, the CEO of Blockchain.info said, “When I’m asked what’s the killer app for Bitcoin right now I always recommend ZeroBlock.”
“What Dan Held and Kevin Johnson have accomplished is truly remarkable. ZeroBlock has created an enduring design aesthetic that elegantly filters the signal from the noise in the Bitcoin ecosystem. I’m completely obsessed with it,” Mr. Cary added in the announcement regarding the acquisition.
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Commenting on the deal, Dan Held one of ZeroBlock’s founders who has now joined Blockchain.info as Product Manager as part of the acquisition said, “Kevin and I felt there was a void in the app marketplace for a well-designed, informative Bitcoin app,” and added, “So we built ZeroBlock to be simplistic but possess deep functionality, focusing on easily digestible and relevant information.”
Mr. Held added in the announcement regarding the new synergy, “We were excited to have the opportunity to grow ZeroBlock with the resources and user base of Blockchain.info. With their support, ZeroBlock will solidify its position as the leader in the mobile Bitcoin app marketplace.”
Anticipated Goals and Outlook
According to Forex Magnates’ research, as final rulings and permissible regulations regarding the legality of Bitcoin and other digital crypto-currencies come into effect throughout certain major jurisdictions, the influx of brokers, banks and other financial institutions should pick up considerably, as recent measures have been met with mixed consensus and thus keeping certain financial institutions from jumping on board .
These [rules] may also be in time for related 3rd party service providers preparing to offer enterprise solutions, in addition to already available solutions, to help companies accelerate their entry into market with related offerings, as more and more firms look to develop such offerings whether using in-house developed solutions, 3rd party sources, or a combination of both.
Blockchain Pivots For The Next Stage
One the goals that Blockchain.info has, described in the press release, is to build an informed global Bitcoin audience and how ZeroBlock will play a pivotal role helping the global Bitcoin community follow market trends and open up new revenue sources.
Commenting on plans to accelerate the development of company products, Mr. Held said, “I took the normally boring task of checking financial data and news, and managed to make it an enjoyable and highly engaging experience. Now I hope to bring that usability to Blockchain.info, starting with the redesign of the Bitcoin wallet aesthetics and functionality, while simultaneously working to take ZeroBlock to new heights.”
According to a recent article by Coinbase, one of the five rate providers that ZeroBlock sources Bitcoin prices from, blockchain.info was noted as having 118 million page views last month when its site grew by over 50% (during November).
Based on a description of the app features on the Google Play app store for Android devices, ZeroBlock offers the following features in its latest update:
- Bitcoin News Aggregator
- Bitcoin Market data updates instantly (described as every second)
- Multi-currency support
- Clark Moody charts
- Fiat/Bitcoin calculator
- Macro mining data
- Intuitive design for an intuitive currency
And with the following five exchanges supported:
- Mt.Gox: (USD, EUR, YEN, GBP, JPY, CNY, RUB, CAD, AUD)
- Bitstamp: (EUR, USD)
- BTCe: (USD)
- Coinbase: (USD)
- btcchina: (CNY)