Mt. Gox announces Bitcoin exchanges to be traded using Akamai

Mt. Gox, Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term currency trader, is going to be using Akamai, cloud platform provider, with improved performance and security in sight.

In its August status update, Mt.Gox which is known as Bitcoin’s biggest currency trader (from Bitcoins to Dollars and vice versa) announced that it is being hosted by Akamai with the anticipated outcome of greater speed and security and that being “self-hosted” allows for increased control and flexibility. Considering that US Dollar trading was recently stopped, for a few weeks, for the purpose of service development and that Bitcoin’s April crash led to Mt.Gox’s suspended trading; this is promising news and will hopefully be, as the company says, “a major step up for Mt. Gox in our evolution.”

In addition to its partnership with Akamai, other status updates were reported, including an apology for the postponed execution of Litecoin which is promised to be up and running once all variables are resolved.

In terms of deposits and withdrawals, Mt.Gox states that it is in negotiations with new banks and partners in order to improve these transfer services. It takes up to 10 days for a deposit to be processed and as explained, the company’s bank holds funds for 7-10 days before Mt.Gox receives them which means that often, customers have been credited followed by the bank’s rejection of the transfer and Mt.Gox forced to incur costs. It hopes to develop banking relationships that will speed up the process and thus eliminate this problem, because, as announced, it will no longer be taking these financial risks.

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