[2016-01-04] Bitcoin: How the Isle of Man is leading a cryptocurrency revolution

[LiteCoinGuy]

Bitcoin: How the Isle of Man is leading a cryptocurrency revolution

The cryptocurrency pioneers are also turning their attention to blockchains or distributed ledgers in the belief that the engine behind digital currencies can be retooled for more diverse purposes. Blockchains are now being developed for uses from land registries to guarantees for luxury goods.

Mr Donegan said: “The potential for this technology is absolutely huge. It is the blockchain side of things that we are excited about. We may not be Bitcoin Island so much as Distributed Ledger Island.”

http://www.independent.co.uk/news/uk/home-news/bitcoin-how-the-isle-of-man-is-sparking-a-cryptocurrency-revolution-a6794756.html


the blockchain island  !

[1715652546]

1715652546

[1715652546]

1715652546

[Minecache]

Doesn't the blockchain need Bitcoin to function and visa versa?

[botany]

Doesn't the blockchain need Bitcoin to function and visa versa?

You can have a different blockchain with a token / any alt.
It won't have Bitcoin's awesome hashing power backing it though.

[cr1776]

Doesn't the blockchain need Bitcoin to function and visa versa?

Right now the value of Bitcoin helps secure the block chain. It isn't "needed" in a strict sense to function, but to function securely in a distributed environment, the value provides the incentive to do so.

[Jacknife]

Doesn't the blockchain need Bitcoin to function and visa versa?

There are numerous altcoins based on the blockchain technology, so it is not bitcoin exclusive. But Bitcoin is the most popular coin.