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August 19, 2017, 09:52:10 AM |
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There is no doubt that blockchain is a killer app. Bitcoin is blockchain's killer app. Blockchain technology can be put into use in different fields of life so in future blockchain might have another killer app, maybe from the field of healthcare, insurance, real estate, gaming, data storage/cloud storage, climate change (renewable energy), quite a lot of possibilities.
What is bitcoins killer app? For example, web browsers are the killer app of the Internet, Ethereum's killer app is smart contracts. So in this context, a killer application is something which guarantees that bitcoin would be adopted globally, mainstream adoption.
1. Smart contract is Ethereum's in-built application. Likewise, decentralized currency, store of value/digital gold is bitcoins in-built application. It could be said that being digital gold is bitcoins killer app.
2. Not in-built, an application which would compel people to adopt bitcoin. For example, I think BTCJam (first P2P lending website, connecting lenders and borrowers from over 120 countries) was somewhat a killer app of bitcoin. Similarly Abra can be bitcoins killer app.
So does bitcoin have a killer app which guarantees mainstream adoption?
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