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Author Topic: [2015-12-28] FastCompany: It's Been A Challenging Year But Bitcoin Is Still ...  (Read 282 times)
pawel7777 (OP)
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December 28, 2015, 09:31:49 PM
Last edit: December 28, 2015, 09:43:58 PM by pawel7777
 #1


It's Been A Challenging Year But Bitcoin Is Still Booming

http://www.fastcompany.com/3054944/its-been-a-challenging-year-but-bitcoin-is-still-booming

Quote
Bitcoin has yet to find its "killer app" but the currency's being traded at higher volumes than ever.

Though headlines about bitcoin this year have focused on the challenges facing the cryptocurrency, it's still booming with some of the highest mining and transaction rates in its history, according to recent statistics.

The digital currency has yet to find the "killer app" that would make it an essential part of the average consumer's Internet toolkit. Several bitcoin-related services shut down in recent months, some amid allegations of fraud, which only highlighted the continued risks that deals tied to the currency can pose for casual investors. As a result, some companies are building alternative networks based on the technology behind bitcoin.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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December 29, 2015, 08:45:29 PM
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I think 2015 is year of stable price, less volatility and the initialisation of blockchain technology other than bitcoin.
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