AmEx Op-Ed: Bitcoin May Soon Be Challenged by Central Banks’ Digital Currencies
Financial writer Frances Coppola gave a history and forecast of bitcoin and blockchain technology in an article on American Express. While she is uncertain about bitcoin’s long-term future, she believes blockchain technology will play an important role in international payments. Bitcoin/Blockchain Overview. Coppola begins the article explaining how bitcoin and the blockchain work and how bitcoins are created through mining. She noted that as the energy cost for mining bitcoin has increased, many are wondering if there could be more productive uses for the energy. Because bitcoin....
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