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Digital currency is an electronically created medium of exchange that can be used to purchase products and services. It functions as a form of electronic cash whereby transactions occur through internet-enabled devices such as a computer, tablet or smartphone. Transactions are processed through a self-regulating computer network, bypassing the need for financial institutions and traditional payment processors<ref>Altcoin Today. [http://www.altcointoday.com/big-banks-crack-down-on-porn-crypto-currency-to-the-rescue/ "Big Banks Crack Down on Porn – Crypto-Currency to the Rescue"], ''[[Altcoin Today]]''</ref>.
Digital currency is an electronically created medium of exchange that can be used to purchase products and services. It functions as a form of electronic cash whereby transactions occur through internet-enabled devices such as a computer, tablet or smartphone. Transactions are processed through a self-regulating computer network, bypassing the need for financial institutions and traditional payment processors<ref>Altcoin Today. [http://www.altcointoday.com/big-banks-crack-down-on-porn-crypto-currency-to-the-rescue/ "Big Banks Crack Down on Porn – Crypto-Currency to the Rescue"], ''[[Altcoin Today]]''</ref>.


Titcoin is one of the first industry-specific digital currencies, dedicated to the adult entertainment industry<ref>Bustle. [http://www.bustle.com/articles/29097-titcoin-is-a-bitcoin-esque-currency-for-porn-and-only-porn-and-we-cant-even "“Titcoin” Is A Bitcoin-Esque Currency For Porn, And Only Porn"]</ref>.
==History==
==History==
Originally conceived in November 2013, Titcoin was officially announced in January 2014 with a final build of the wallet compiled in February. Titcoin was formally launched to the public on June 21, 2014.
Originally conceived in November 2013, Titcoin was officially announced in January 2014 with a final build of the wallet compiled in February. Titcoin was formally launched to the public on June 21, 2014<ref>Design & Trend. [http://www.designntrend.com/articles/15814/20140623/porn-gets-currency.htm "“Porn Gets Its Own Currency "]</ref>.


Titcoin was developed by a small group of cryptocurrency advocates who saw the adult entertainment industry as a conduit for bringing digital currency into the mainstream<ref>Lynch, Gerald. [http://www.gizmodo.co.uk/2014/06/titcoin-is-the-bitcoin-for-porn/ "Titcoin is the Bitcoin for Porn"], ''[[Gizmodo UK]]'', London, 23 June 2014. </ref>. The founders are Edward Mansfield, Richard Allen and an anonymous third party from the world of finance<ref>Titcoin About Us[http://www.titcoins.biz/news-coverage]</ref>.
Titcoin was developed by a small group of cryptocurrency advocates who saw the adult entertainment industry as a conduit for bringing digital currency into the mainstream<ref>Lynch, Gerald. [http://www.gizmodo.co.uk/2014/06/titcoin-is-the-bitcoin-for-porn/ "Titcoin is the Bitcoin for Porn"], ''[[Gizmodo UK]]'', London, 23 June 2014. </ref>. The founders are Edward Mansfield, Richard Allen and an anonymous third party from the world of finance<ref>Titcoin About Us[http://www.titcoins.biz/news-coverage]</ref>.
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*[http://www.titcoins.biz/news-coverage/ Titcoin About Us]
*[http://www.titcoins.biz/news-coverage/ Titcoin About Us]
*[http://www.menshealth.com/sex-women/who-buys-porn?fullpage=true Men's Health]
*[http://www.menshealth.com/sex-women/who-buys-porn?fullpage=true Men's Health]
*[http://www.bustle.com/articles/29097-titcoin-is-a-bitcoin-esque-currency-for-porn-and-only-porn-and-we-cant-even Bustle Magazine]

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{{AFC submission|||ts=20140913021443|u=Kbrzoznowski|ns=118}}

Revision as of 22:41, 13 September 2014

Titcoin is a type of digital currency, often referred to as a cryptocurrency, similar to Bitcoin. It uses a peer-to-peer network to securely process and validate transactions. Titcoin was specifically developed for the adult entertainment industry[1].

Digital currency is an electronically created medium of exchange that can be used to purchase products and services. It functions as a form of electronic cash whereby transactions occur through internet-enabled devices such as a computer, tablet or smartphone. Transactions are processed through a self-regulating computer network, bypassing the need for financial institutions and traditional payment processors[2].

Titcoin is one of the first industry-specific digital currencies, dedicated to the adult entertainment industry[3].

History

Originally conceived in November 2013, Titcoin was officially announced in January 2014 with a final build of the wallet compiled in February. Titcoin was formally launched to the public on June 21, 2014[4].

Titcoin was developed by a small group of cryptocurrency advocates who saw the adult entertainment industry as a conduit for bringing digital currency into the mainstream[5]. The founders are Edward Mansfield, Richard Allen and an anonymous third party from the world of finance[6].

References