For the past decade or so, one of the most mentioned emerging technologies is blockchain. It was hailed as the technology that would change everything, but as far as the practical uses that would facilitate that change, blockchain hasn’t seemed to have done much. Today, we thought we would take a closer look at blockchain and why it hasn’t become the world-altering technology a lot of people were expecting.
You might remember Bitcoin, the cryptocurrency known for increasing the anonymity and privacy of transactions on the web. Bitcoin was gaining ground for a while, but a couple of key events left it in the dust, sinking to seeing use only as a currency used by hackers and criminals in online black markets. Now, however, it seems that Bitcoin is being used again, and with a few key innovations in how it’s spent, Bitcoin will continue to grow more popular as a payment option.
