One of the most requested features from the bitcoin software developers in the early days has been the capability to receive and send a payment from their trading platform by having the ability to refer to the bitcoin code platform's transaction history. The software developers have taken great steps to implement this feature, however there have been many concerns that while this will protect traders from easy scams and Ponzi schemes, it may also leave them open to a number of other risks. For instance, if a trader does not fully understand how the transaction works, it could leave them vulnerable to a number of different identity theft and security breaches. However, the latest version of the bitcoin protocol offers traders a much safer option for sending and receiving payments through their trading platforms.
New users are able to use the new simplified version of the bitcoin protocol which is referred to as the "bitcoin demo account". This demo account has been created and hosted by the software developer groups for the purpose of giving new users a chance to get familiar with the platform before making the large transition to using the real version of the software. The advantage to this is that traders will be able to learn about and practice the most basic features of the software without having to risk any real money on the process. The downside to this is that while the developers have attempted to keep the process as simple as possible, this doesn't mean that the demo account is free from all functionality issues. With a reliable and strong system in place, new users may find that they still need to learn a few additional bits of information before being able to successfully trade on the real market.
The developers behind the bitcoin code project have responded to the need for this simplified platform in a number of ways. First, they have released source code for a number of different programs that new traders can use on their computers in order to practice their skills on the test network. Second, they have offered the opportunity to test out these various programs for a limited time period on the live market. Finally, they have issued warnings to traders that while the testing phase is open for everyone, the live trading platform will not be available during the same time.