Tuesday, August 26, 2014

Bitcoin’s Blockchain is the Future

The Bitcoin blockchain is where the real breakthrough lies, and without the blockchain Bitcoin would not be possible.  Before Bitcoin, other systems had attempted to create a truly decentralized platform, and there are examples of success, such as peer-to-peer file sharing clients.  However, none of the previous networks created the possibilities that Bitcoin’s blockchain has.  By using a blockchain, or the underlying ideas behind it, it should be possible to create entire corporations that only exist in a digital, decentralized form.  In fact, it is certainly possible, because that is, effectively, what Bitcoin and other cryptocurrencies are.  The currency is nothing more than stock in the “corporation” that is controlled by the network.


http://coinbrief.net/bitcoin-fueling-future-platforms-1/

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