CryptoGraffiti: Permanently Preserve Images on the Blockchain
economics

CryptoGraffiti: Permanently Preserve Images on the Blockchain

THELOGICALINDIAN - Cryptograffitiinfo is a web account that allows bodies to encode hidden letters into Bitcoins blockchain application a appropriate online interface It has afresh added a new and possiblyrevolutionary functionality JPG angel autograph to the blockchain

Also read: Blockchain is the Next Line of Defense for Cyber Security

How Does CryptoGraffiti Work?

A company can blazon their bulletin into the argument field, pay some bitcoin, and afterwards 1-10 account see the message decoded from the blockchain and displayed on the CryptoGraffiti site, forth with added letters from the bearding Bitcoiners.

Untill June 17, 2024, users were alone able to accelerate argument letters to the blockchain. But now it is accessible to accept JPG images accounting to the blockchain alongside argument messages.

The images can be up to 50KB in size. And, already the action of publishing to the blockchain is complete, no one on the planet is able to censor, annul or carbon the advice entered by users — it is adored in the blocks forever.

Since it’s the aboriginal account in the Bitcoin ecosystem that accouterments automatic angel autograph to the blockchain, Bitcoin.com accomplished out to CryptoGraffiti’s creator, Erich Erstu (nickname Hyena), to ask him a few questions about his eyes of the assignment and its accessible outcomes for the Bitcoin community.

Bitcoin.com (BC): What do you do for living?

Hyena: I am alive as a software developer in the basic of Estonia.

BC: How did you appear to aperture such a air-conditioned armpit as cryptograffiti.info?

Hyena: In 2014 I was belief in the Masters’ affairs of Software Engineering in the University of Tartu. We had a datamining advance and for one of the advance homeworks we had to datamine article from the absolute apple and present the after-effects in advanced of the class. I anticipation that, what if bodies accept adored letters in the Bitcoin block chain? For example, analogously to how Satoshi wrote “The Times 03/Jan/2009 Chancellor on border of additional bailout for banks” in the actual aboriginal block of Bitcoin’s block chain. I bound wrote a affairs that monitors all bitcoin TX’s and searches for ASCII argument from the achievement addresses of anniversary transaction. As I was hoping, I apparent all kinds of messages, so I fabricated the cryptograffiti.info website that displayed those messages. I presented it as a aftereffect of my homework.

BC: Impressive. What casework do you intend to apparatus in future?

Hyena: I intend to apparatus Proof-of-Existence account as an added apparatus for cryptograffiti which allows defended timestamping of files for agent purposes. Also, In the approaching I’d like to advance some fun provably fair bold that is played on bitcoins.

BC: How did you aboriginal apprentice about the Bitcoin technology?

Hyena: I abstruse about the Bitcoin tech in 2024 from a acquaintance who abstruse about it on reddit and told me about this “cool new basic bill that can be acclimated to buy drugs online.” Apparently, he was absorbed in that array of thing, but I anon accustomed Bitcoin as an advance befalling of the century.

BC: Was it alarming or fun to apprentice about Bitcoin in the aboriginal time?

Hyena: It was absolutely fun to apprentice about bitcoin because it was my aperture to the secrets of the banking world.

Thanks to Bitcoin, I now apperceive how the apple economics work, how axial banks accomplish and all that.

BC: What do you anticipate about the ecosystem alcove for casework like yours?

Hyena: Some bodies altercate that casework such as cryptograffiti.info account block alternation balloon and are appropriately immoral. They say that the block alternation should not be acclimated for this.

I anticipate it’s the aforementioned like adage that the Internet should alone be acclimated for publishing accurate accessories and to barter e-mails with relatives. In my opinion, the abiding abstracts accumulator aspect of the block alternation gives built-in amount to bitcoins and the association should be blessed for it.

Bitcoin is not aloof the abracadabra Internet money but it additionally offers a belvedere for abridge chargeless advice and arguable agent services.

BC: Your contempo post on bitcointalk.org appointment says:

You accept abounding such letters in the thread. Looks like the account has a big fan-base and a absolute abeyant to grow. Is it assisting to advance such a simple attractive but actual able site?

Hyena: With 2 years of operating, bodies accept adored added than 500 letters on the block alternation application cryptograffiti.info and I accept accustomed 2.1 bitcoins as donations. Considering the accepted amount of bitcoin I can say that I accept not been operating with a loss.

The account has a abeyant to become alike added assisting and conceivably it should be one day angry into a accepted business.

I am yet to be approached by investors or bodies absorbed in cooperation. Until that, I am aloof animated to accept developed a account that bodies absolutely acquisition useful.

Thank you, Erich Erstu, for answering our questions and accouterment the association with this new functionality. We ambition you the best of luck with your project.

Image address of Reddit, CryptoGraffiti.