Introduction
The Bitcoin/Litecoin License Manager is a Java plug-in that will allow you to non-interactively collect software licensing fees from your customers using the cryptocurrencies Bitcoin or Litecoin. Give the banksters and rentier-wannabes (e.g. Stripe, PayPal) the finger and take charge of your own finances. Why pay their fees and risk deplatforming at their whim?
You may want to consider Litecoin instead of Bitcoin. Why?:
Availability: Litecoin is available on most exchanges and is readily exchanged for Dollars or Bitcoin. Check out Coinbase, which also provides you with a wallet.
Wallets: Multiple wallets are available. My favorite is the lightweight, deterministic brain wallet Electrum
Low volatility relative to Bitcoin.
Faster transaction times relative to Bitcoin. A block ascceptance time of 2.5 minutes relative to Bitcoin’s 10 minutes.
Lower transaction fees relative to Bitcoin. A recent $99 million Litecoin transaction took 25 minutes and cost 40 cents in fees.
Litecoin also has an increased maximum number of coins 84,000,000 vs. Bitcoin’s 21,000,000 and a different hashing algorithm - scrypt vs. SHA-256.
A Bitcoin/Litecoin License encapsulates a variety of parameters such as license expiration date, number of transaction confimations required, transaction expiration, etc. that allow you to balance ease of Licence attainment with security. Utilizing the Bitcoin/Litecoin License Manager is a three step process:
Set up your Bitcoin or Litecoin Wallet and generate wallet IDs.
Use the Bitcoin/Litecoin License Manager License Key Generator to generate license keys containing your parameters of interest.
Integrate the Bitcoin/Litecoin License Manager with your own software.
A video overview of the process is available on youtube: