Bitcoin is the Blockchain’s Killer Application
Just a few months ago, I sat on a panel at the Blockchain New York Conference at PwC. As a panel, we discussed, “The Promise of “The Internet of Money” with a particular angle on whether or not Bitcoin is a distraction, or has merit moving forward. How could Bitcoin be a distraction? Bitcoin is Still Very Relevant. Bitcoin is the blockchain’s killer....
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By integrating Bitcoin into Counter-Strike, a global gaming phenomenon, ZEBEDEE proved that “skin in the game” will be Bitcoin’s killer app. The post Bitcoin’s Killer Application: “Skin In The Game” appeared first on Bitcoin Magazine.
What is Bitcoin’s most effective application? That is not an uncommon question in the cryptocurrency space, with people often looking for “killer apps.” I once saw a presentation for someone whose blockchain project was titled, literally, “killer app.” Was it an abstract art project, or a new and revolutionary blockchain tech? A killer app is used....
Speaking to Financial Times, co-founder of the San Francisco-based Bitcoin exchange Coinbase, Fred Ehrsam said, "In 10 years I think we are going to be sitting here and the internet will look a lot prettier because Bitcoin came into existence." Bitcoin's Killer App Will End Spam. Danish Bitcoin exchange CCEDK launched a crypto-debit card recently and called it the "killer app" that the Bitcoin community deserves. However, Fred differs saying that Bitcoin's killer app will end spam. "The internet has never had economics properly embedded into it. Say you pay one-hundredth of a cent to send....
Though undeniably popular with its ardent supporters, bitcoin is arguably still searching for a practical application that makes it indispensable to mainstream users. That doesn't mean there aren't real use cases for bitcoin that could bring the kind of payments revolution many in the industry are hoping to achieve, though. Being both digital and decentralized, bitcoin is already a globalized electronic currency that operates across international borders. These traits are a key reason why many believe the first true killer application for bitcoin will be travel, and mainstream businesses....
The term “smart contract” has no clear and settled definition. The idea has long been hyped to the public as a central component of next-generation blockchain platforms, and as a key capability for any practical enterprise application. They are defined variously as “autonomous machines”, “contracts between parties stored on a blockchain” or “any computation that takes place on a blockchain”. Many debates about the nature of smart contracts are really just contests between competing terminology. The different definitions usually fall into one of two categories. Sometimes the term is used to....