27 Jul '16, 5pm

New Study Reveals Bitcoin Economy Maturing to Mainstream Enterprise

New Study Reveals Bitcoin Economy Maturing to Mainstream Enterprise

A team of economists from UCL Centre for Blockchain Technologies , Deutsche Bundesbank, University of Wisconsin and The New School have published a research paper titled “The Evolution of the Bitcoin Economy: Extracting and Analyzing the Network of Payment Relationships .” The economists’ conclusion is that the Bitcoin economy has grown and matured from an early prototype stage, through a second growth stage characterized by “sin” (i.e. gambling, black markets), to a third stage marked by a sharp progression away from “sin” and toward legitimate enterprises. The conclusion is hardly surprising: Blockchain-related press headlines, which used to be mostly about Mt. Gox and Silk Road only a couple of years ago, today tend to be about banks, exchanges and even central banks taking steps toward the operational use of blockchain technology. Nevertheless, it’s interesting to see ...

Full article: https://bitcoinmagazine.com/articles/new-study-reveals-bi...

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