28 Mar '16, 12pm

New virtual currency rivals Bitcoin

New virtual currency rivals Bitcoin

Many corporations, though, have created their own Ethereum networks with private blockchains, independent of the public system, and that could ultimately detract from the value of the individual unit in the Ethereum system — known as an Ether — that people have recently been buying. The interest in Ethereum is one sign of the corporate fascination with blockchains. Most major banks have expressed an interest in using them to make trading and money transfer faster and more efficient. On Tuesday, executives from the largest banks will gather for a conference, "Blockchain: Tapping Into the Real Potential, Cutting Through the Hype." Many of these banks have recently been looking at how some version of Ethereum might be put to use. JPMorgan, for instance, has created a specific tool, Masala, that allows some of its internal databases to interact with an Ethereum blockchain. Mic...

Full article: http://www.cnbc.com/2016/03/28/ethereum-a-virtual-currenc...

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Photo Joseph Lubin, right, founded ConsenSys, which specializes in applications that run on Ethereum. Andrew Keys, left, i...

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Photo Joseph Lubin, right, founded ConsenSys, which specializes in applications that run on Ethereum. Andrew Keys, left, i...

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