Here’s one of the most interesting predictions for the future of bitcoin

A Bitcoin sign is seen in a window in Toronto, May 8, 2014. REUTERS/Mark Blinch A bright future?

What’s next for bitcoin?

2015 has seen the digital currency’s volatility stabilise and price jump, but it has also seen much of the hype dissipate. And there’s been a divergence between bitcoin and the technology that underpins it — blockchain.

Blockchain, which uses complex cryptography to regulate and record transactions, is in the ascendancy, with millions of dollars flowing into the technology and banks lining up to experiment with it.

Meanwhile, many of the leading consumer bitcoin companies — digital wallets, payment processors, and exchanges — are being forced to adjust or rethink their business models in the face of slower than expected consumer uptake.

“It’s naive to think there will only be one blockchain”

According to Jeremy Millar — the co-author of one of the most extensive reports to date on the corporate ecosystem emerging around the digital currency — the issue is that the markets for bitcoin and blockchain have already fundamentally divided.

“I’m looking at this in terms of market development and what I’m saying is the market of

Read more ... source: TheBitcoinNews

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