03 May '16, 7am

The battle over the future of bitcoin

The battle over the future of bitcoin

Yet there are also business interests at play. In 2014, before bitcoin’s current identity crisis, bitcoin developer Gregory Maxwell and several encryption enthusiasts co-founded Blockstream, a bitcoin startup that tries to develop new ways to use the currency’s main technology, the blockchain. Banks and insurance companies, for instance, could automatically enforce contracts through their own, walled-off blockchains. They could also help add more capacity to the broader bitcoin network by adding more “side chains” to the system to help the main chain handle more blocks.

Full article: https://www.theguardian.com/technology/2016/may/03/bitcoi...

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