29 Nov '16, 5pm

Bitcoin's X-Factor or What Stops it From Mainstream Adoption

Bitcoin's X-Factor or What Stops it From Mainstream Adoption

Mainstream adoption of Blockchain, Bitcoin and other cryptocurrencies has been hampered by problems associated with the ease of use, negative public relations and the methodology of application, among other factors. Blockchain is a distributed ledger technology that supports P2P trading without the need for a central market function. While it is most widely known as the infrastructure on which Bitcoin runs, potential use cases are emerging in a number of industries, including utilities. Blockchain is appealing to industries whereby there is a need to accelerate transaction times, remove centralized market control, reduce the cost of performing transactions and ensure trust between different market participants. Despite the aforementioned advantages, mainstream adoption of the technology is yet to be realized . There has been incidents of tests by a few banks and some gover...

Full article: https://cointelegraph.com/news/bitcoins-x-factor-or-what-...

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