23 Apr '16, 7pm

Gil Luria : Bitcoin and Blockchain Have Their Own Futures

Gil Luria : Bitcoin and Blockchain Have Their Own Futures

Gil Luria, in response to the question by Bloomberg’s Joe Weisenthal and Scarlet Fu about blockchain technology, clarifies the difference between bitcoin and its underlying technology. Blockchain is superseding bitcoin when it comes to investments made by big banks and investment firms. Many banking and financial institutions have already invested their time and resources in the development of a private blockchain network for their regular operations. While bitcoin is used for payment applications, blockchain is used for an entirely different range of applications. According to him, blockchain is a vast tool suitable for asset classes while bitcoin serves a much simpler purpose of making payments and executing simple banking functions.

Full article: http://www.newsbtc.com/2016/04/23/gil-luria-bitcoin-block...

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