Bitcoin upgrade aims for smoother e-commerce

“Payment requests will use digital certificates, the same kind of security technology indicated by a padlock in a web browser. Specifically, the payment requests will use X.509 certificates, which underpin SSL (Secure Sockets Layer), which encrypts data traffic between two parties. The communication between a customer and company will be performed over SSL and will not be part of the so-called ‘blockchain,’ the public ledger that shows bitcoin transactions, Andresen said. The payment protocol will not touch the core code that drives Bitcoin’s network.”

http://www.pcworld.com/article/2046182/bitcoin-upgrade-aims-for-smoother-ecommerce.html

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