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#Bitcoin the ‘Most Battle-Tested #Blockchain of All’


The first day of Consensus showed that people had #Satoshi and #Bitcoin ’s creation on the brain. However, according to a report from #Reuters , executives attending the event are not thinking about Bitcoin anymore, and the name of the game now is #blockchain . The reporter from Reuters details that Bitcoin’s underlying #technology is the primary interest for “investors, #technologycompanies , and #financialinstitutions .”...

Bitcoin’s technology has created new excitement over the past year, and reports coming in from Consensus show some firms and people are slowly moving away from the #cryptocurrency . Legacy institutions, Wall Street, and new startups are embracing distributed ledger protocols, and most of them are leaving out the currency aspect. Jerry Cuomo, vice president, 

Blockchain Technologies at International Business Machines Corp. told the press:  

“If there is a 100 percent opportunity in the blockchain, bitcoin, or the currency, is only 1 percent of it, so there is a whole 99 percent that has broad applications across the broad industries.”....

Antonopoulos explains:

“The problem of scaling “doesn’t gets solved” but only gets “pushed further out” because as the network expands, new types of applications and use-cases constantly emerge to present new capacity challenges.”

Joseph Guastella, a principal at #Deloitte Consulting in New York told Reuters:

“Bitcoin is still the only blockchain-enabled, cross-border large scale, provable application that’s actually in production. Bitcoin as a currency may not be as relevant as it was in many ways, but it actually is relevant as a proof case for the blockchain technology.”

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