Big update for BitBay March 22ndgjesteele is writing a series of posts about the update. Here are the first one's all in one place for your convinience.
BitBay Release 1.26 Feature Focus – Client Staking
Though Client Staking does not have to do with security or privacy like most of the other updates in v1.26, I personally appreciate the convenience Client Staking offers BitBay users.
If you are familiar with BitBay, you know it is a Proof of Stake 3.0 (PoS 3.0) digital currency, and you can earn BAY simply by leaving your Wallet open for staking with your coins in it. The Smart Client Marketplace is a separate piece of software, and if you wanted to monitor the market while staking, both the Wallet and Client had to be installed and open at the same time.
With this update you no longer need to have both the Wallet and Client running together. The marketplace has PoS 3.0 integrated, and whether you are using the Client to create contracts or browse for your next purchase, your BAY coins are working for you in the background and earning interest. All you have to do is unlock your wallet for staking.
This might lead you to ask the question, “Why do I need the wallet then?” The obvious answer is, you don’t. The only thing it was still required for was staking. The BitBay Wallet will still continue to work as it does today, but won’t be a major part of BitBay’s future. I would recommend transferring your BAY from your wallet to the more secure client when you get a chance.
I do not know of any other cryptocurrency project out there where the staking wallet is built directly into a fully functional decentralized platform. Add this kind of convenience to the unprecedented account security measures being added, and you can see there is a lot of hard work going into BitBay on a continual basis to deliver a finished product people can use and trust.
What enhancements with real-world use have you seen delivered lately from the other digital currencies?
BitBay Release 1.26 Feature Focus – Anti-KeyloggerIf you are unfamiliar with keyloggers, this form of spyware is one way hackers use to discover your passwords. By hiding a small program deep inside your system’s folders, a keylogger records each letter or number pressed on your keyboard. The keyloggers store this information in files to be retrieved later by the person who placed it there.
The BitBay Anti-Keylogger brings up an onscreen keyboard and a timer lasting approximately one second. When you hover over a letter with your mouse pointer the timer starts. If you move to another letter the timer starts over. If you stay on the letter you want entered, the timer completes and the letter is entered into the passphrase field. Users will want to be sure to remember to use the Shift key first for capital letters.
As you can imagine, while this feature eliminates concerns you may have about keyloggers stealing your private information, it also slows down how quickly you can enter your passwords. This issue is less of a concern when you realize you are still able to type in the passphrase field as well. This means if you have a long code consisting of many words like I do, you can type in the majority of it using the keyboard, and use the Anti-Keylogger to obscure just some of the letters. If this is your long term vault for the majority of your BAY, you may want to only use the Anti-Keylogger, but if it is the account you use regularly to access the BitBay Marketplace you might choose to use it for just a portion of your passphrase. The choice of how much you use this new feature is yours.
In a world where even our own governments are caught attempting to monitor everything we do online, the Anti-Keylogger is just one more way BitBay is looking out for your security. I don’t know of any other cryptocurrency out there with as many built in features to assure your coins are never stolen.
Please join us at BitBay Slack (
http://bitbay.market/wp-login.php?action=slack-invitation) for access to the core team and the very latest updates.
BitBay Marketplace Site -
http://bitbay.market
