Bitspark Update #1

It’s been a busy two weeks at Bitspark since we launched. We have expanded our marketing campaign, added cool new features and have been busy fixing bugs along the way. Today we are happy to be unveiling our next weekly update so let’s step through the new improvements over the last two weeks and the new features today.

Last Week

New Coins

We launched support for thee new currencies: Darkcoin, Cannabiscoin and Nubits. Altcoins are a hotbed of testing new technologies and ideas and these new cryptocurrencies are no exception.


Darkcoin focuses on privacy and anonymity of transactions looking to gain market share in the privacy aware cryptocurrency crowd. From the Darkcoin website it is described as:

Darkcoin (DRK) is a privacy-centric digital currency based on the Bitcoin software. It allows you to remain anonymous while you make transactions, similar to cash.
With Bitcoin, transactions are published to the blockchain and you can prove that made them, but with Darkcoin the anonymization technology makes it impossible to trace them. This is important because the blockchain is accessible to anyone with an internet connection – a significant drawback for those don’t wish their transaction history and balances to be publicly available.
Darkcoin does this through a mixing protocol utilizing an innovate decentralized network of servers called Masternodes, avoiding the need for a trusted third party that could compromise the integrity of the system.


Cannabiscoin is a newly trending altcoin that is backed by a commodity, in this case legal medical marjuana. The Cannabiscoin website describes it as:

Cannabis Coin is a peer-to-peer Internet digital currency that enables instant payments to anyone in the world.
It is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware.
CannabisCoin is the payment solution for Marijuana dispensaries, retailers and merchants.
CannabisCoin crypto currency is backed by Marijuana where it is accepted.


Nubits is an interesting one, it is a cryptocurrency pegged to the US dollar and it enforces this peg cryptographically with a network of consensus. If the price rises above the $1 mark more Nubits are created (bringing the value down) and if it falls below the $1 markthen Nubits are removed from circulation by offering holders interest on Nubits that are parked. A more detailed explanation can be found at the whitepaper here.

New Account Statement Feature

Ever needed a proper PDF or Excel account statement from a bitcoin exchange? Countless times in the past, we have needed to show proof of our assets to a bank or a real estate agent or something, yet our assets were in Bitcoin exchange with no means of providing a legitimate statement that we actually have money with them. We can hardly show a screenshot of a webpage with a balance to anyone..... So now with Bitspark you can get all your account data in an easy to read and export form complete with our letterhead.

(Oooooo... Fancy!)

New feature: API

We have today released our full featured API! Developers can checkout the full documentation here complete with examples and detailed descriptions of the capabilities of our API. This is all of course enabled by the Open Source Peatio project so if you are interested, head on over and get involved!

We are excited to be rolling out new features and services to you quickly and as always you can keep up to date with the next wave of updates from Bitspark by following us at our social media outlets below:

Bitspark Twitter

Bitspark Facebook

Bitspark Google+

Bitspark Reddit

From The Bitspark Team!