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Entrepreneurs Plan Identabit; Identity-Based Bitcoin Alternative

An Australia-based startup has announced plans for a digital currency called Identabit that will enable regulatory acceptance by way of user association. The startup, Thinking Active, characterizes Identabit as the first identity-ensured, decentralized currency. It represents a way to liberate decentralized currencies and will be an alternative to bitcoin, according to a recent press release. Identabit is the result of a collaboration between Thinking Active, owned by New York software entrepreneur John Underwood, and Cryptonomex, a Virginia-based software company led by Dan Larimer. The press release identifies Larimer as the principal architect of the Blockchain 2.0 project, BitShares. (Bitshares, according […]


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