Titcoin (Ticker Symbol: TIT) is a

cryptocurrency A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. It i ...

launched in 2014. Titcoin's blockchain is derived from the

Bitcoin Bitcoin ( abbreviation: BTC; sign: ₿) is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distr ...

source code In computing, source code, or simply code, is any collection of code, with or without comments, written using a human-readable programming language, usually as plain text. The source code of a program is specially designed to facilitate the wo ...

, with modifications to improve transaction speed and efficiency.Moore, Lane
"Behind Titcoin, the New Anonymous Currency for Buying Porn"
. ''Cosmopolitan Magazine''. Retrieved 30 October 2014. Titcoin is intended for the

adult entertainment The sex industry (also called the sex trade) consists of businesses that either directly or indirectly provide sex-related products and services or adult entertainment. The industry includes activities involving direct provision of sex-related ...

industry to allow users to pay for adult products and services without the fear of incriminating payment histories appearing on their

credit cards A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the o ...

.Lynch, Geral
"Titcoin is the Bitcoin for Porn"
. ''Gizmodo UK''. Retrieved 23 June 2014. In 2015, Titcoin received two nominations at the 2015

XBIZ Awards XBIZ Awards are given annually to honour "individuals, companies, performers and products that play an essential part in the growth and success of adult films" and have been described by XBIZ publisher and founder Alec Helmy as being "born out of ...

."Titcoin Receives Two Web & Tech XBIZ Nominations"
. ''Payout Magazine''. Retrieved 18 November 2014.

History

Titcoin was founded by Edward Mansfield, Richard Allen, and a third anonymous individual.Mercier Voyer, Stephanie
"Titcoin Is a Brand New Cryptocurrency for Porn Purchases"
. ''Vice Magazine''. Retrieved 18 June 2014. The founders developed Titcoin for the adult entertainment industry as a cash alternative payment system for performing anonymous transactions.Spitznagel, Eric
"Who Actually Pays for Porn Anymore? An Investigation"
. ''Men's Health Magazine''. Retrieved 14 August 2014.Weisman, Carrie

. ''Design & Trend''. Retrieved 23 June 2014. On June 21, 2014, the Titcoin

cryptocurrency wallet A cryptocurrency wallet is a device, physical medium, program or a service which stores the public and/or private keys for cryptocurrency transactions. In addition to this basic function of storing the keys, a cryptocurrency wallet more often a ...

and source code was released with an initial soft launch for the cryptocurrency community followed by a hard launch for the public.Chang, Lulu
""Titcoin" Is A Bitcoin-Esque Currency For Porn, And Only Porn, And We Can't Even"
. ''Bustle Magazine''. Retrieved 23 June 2014. In September 2014, Patrick McDonnellGiles, Jeff
"Wolf of Wallstreet – Patrick McDonnell interview"
''Major Mindjob''. Retrieved 29 January 2014. joined the Titcoin development team as a business development advisor.Blue, Violet
"Why Is Wall Street Taking ‘Titcoin’ Seriously?"
. ''Playboy Magazine''. Retrieved 24 October 2014.
. ''AVN''. Retrieved 9 September 2014. On May 29, 2017, Titcoin and its properties were acquired by the adult game development studio Joy-Toilet. On September 5, 2018, Titcoin and its assets were acquired by the TittieCoin Developers.

References

External links

Official Website
{{Cryptocurrencies Currencies introduced in 2014 Cryptocurrency projects Sex industry