Bitcoin had a successful 2017, with the value of the cryptocurrency rising nearly 2,000 percent in a single year. Its meteoric rise brought cryptocurrencies into the mainstream, with competitors like Ethereum and Litecoin also seeing large gains. While this has been an interesting financial development, it has turned Bitcoin from a digital currency into a financial asset to be bought and sold. This has largely eclipsed what made Bitcoin so revolutionary: blockchain technology. First laid out in Satoshi Nakamoto’s white paper, the blockchain is a decentralised, distributed ledger. The cryptographically sealed data is distributed across the network, preventing it from...
Read the full article: How Bitcoin’s Blockchain Technology Is Changing the Media
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