Ben Dickson is a program operative and freelance writer. He writes frequently on business, record and politics.
Since a appearance in 2009, bitcoin’s decentralized, broker-less and secure resource to send income opposite a universe has steadily risen in recognition and adoption. Of equal — if not larger — significance is a blockchain, a record that supports a cryptocurrency, a distributed bill that enables trustless, peer-to-peer sell of data.
Every day, new companies and organizations, including large names such as Microsoft and Tesla, take strides toward or uncover seductiveness in using cryptocurrency and blockchain to support their business.
But a celebrity of blockchain has also given arise to dual new challenges, namely that of interoperability and flexibility.
There are now more than a measure of blockchain-based currencies, any optimized for opposite purposes, with opposite sell rates, corroboration and accord mechanisms, performance, placement function, retard distance extent and grade of anonymity. And nothing of these currencies are concordant with others, creation it tough for users to send income between them.
Also, there is now a ubiquitous desire to use blockchain