Since Codugh opened the waiting list for API developers to test its micropayments marketplace, developers have been waiting eagerly for the project to launch. The wait is over, with co-founder Shashank Singhal revealing that the closed beta will launch in the coming month. Speaking during the Reboot virtual event, Singhal also revealed what the company has been working on including alpha testing, fixing security issues and the TAAL partnership.
👀👇@codugh #APACBSV pic.twitter.com/c7KhmhVjC7
— Kevin Pham (@_Kevin_Pham) June 26, 2020
Codugh burst into the limelight when it won the second Bitcoin SV Virtual Hackathon in 2019 at the CoinGeek Conference in Seoul. Its platform allows developers to easily integrate and monetize their application programming interfaces (APIs). This enables application developers to build better applications with more functionality at a fraction of the cost.
Traditionally, application developers have had to use subscription-based platforms to access APIs, a method that’s ineffective and costly.
Since the Seoul conference, the Codugh team has been alpha testing its platform, Singhal said. It has also been collecting user feedback to improve the features. The company also recently partnered with TAAL and will play a critical role in monetizing TAAL’s merchant API services layer.
Singhal demonstrated just how easy it is to use the Codugh platform, making a successful API call with Polynym and WhatsOnChain APIs for a few cents worth of BSV. This is only possible with BSV as it has extremely low fees and real-time transactions.
Polynym wrapped in money. Based 🇦🇺 pic.twitter.com/ZsaUiCYcwC
— CTO ✪ 利迪恩 @40 (@deanmlittle) June 26, 2020
For the developers who have been eagerly waiting for the launch, Singhal announced:
“One final announcement and I’m thrilled about this one—I’m announcing the release of our closed beta product, and that will be on July 5th.”
The closed beta will be open to developers who have registered on the waitlist. Codugh opened its waiting list in November 2019, but as Singhal revealed, the registration is still open.
Codugh’s rise has been proof that there’s demand for BSV-powered platforms, Singhal believes. “If you can successfully prove that you have something that people want and need and you have a good team to build it, then the rest sorts itself out.”
Singhal explained why he chose Bitcoin SV: “This is because the unique properties of BSV such as ability to scale, enabling of micro-transactions and the dedication to a stable protocol really appealed to me.”
During his Q&A, he revealed that he is optimistic about the future of BSV, both for the users and the miners. For the latter, the shift towards a fee-based economic model will ensure that they continue being profitable through the block halvings. TAAL and Mempool have demonstrated the viability of this model and Singhal expects the other transaction processors to follow suit.
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