FROM BITCOIN TO BLOCKCHAIN: BITCOIN IS DYING, WHILE BIG FINANCE EMBRACES THE DISTRIBUTED LEDGER
Few years back Bitcoin took the world by surprise and quickly gained significant traction. To refresh your memory Bitcoin is based on a blockchain technology, a form of distributed ledger shared by all participants. New transactions are pooled in blocks up to 1 MB in size and before being added to the ledger. The integrity of the system is maintained via users called miners by solving of artificially created mathematical problems essentially designed to make the opportunity c