31 Dec '15, 3pm

What's Next for Bitcoin in 2016 - Fortune

What's Next for Bitcoin in 2016 - Fortune

More than anything else, 2015 was the year the “blockchain” made its way into the zeitgeist. It got hot, even if many of the major corporations throwing the term around still don’t appear to understand what it means. The blockchain is the distributed public ledger on which all bitcoin transactions are recorded. (Many readers may not realize you can view the transactions, in real-time, right here .) Bitcoin “miners” upload each transaction as a “block” to the ledger, incentivized to do so by a tiny fee they take each time. “Blockchain” became the buzz word in financial technology this year, with everyone from banking and financial institutions (like Goldman Sachs and the New York Stock Exchange) to payment processors (Mastercard, Visa, and American Express) extolling its potential and publicly announcing interest in it, often in the form of startup investments. JPMorgan’s D...

Full article: http://fortune.com/2015/12/31/bitcoin-2016/

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