Bitcoin’s Blockchain Timestamping Standards Face Off

By Kevin Helms Apr 16, 2017 4:00 AM EST

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A new version of the timestamping standard Chainpoint is being tested and will be released soon with new functionalities. However, the lead developer for competing standard Opentimestamps claims that the new version is too close to his team’s code. This article explores how Chainpoint works and how it compares to Opentimestamps.

Also read: Veriphant Helps Enable Legal Proofs in the Bitcoin Blockchain

What is Chainpoint?

Chainpoint is “an open standard for creating a timestamp proof of any data, file, or series of events,” its website describes. It was developed by blockchain data platform Tierion in June 2016 “for recording data in the blockchain” as

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