Saturday, August 23, 2014

Crypto 2.0 Roundup: Bitcoin’s Revolution Moves Beyond Currency


digital code, world


Just when people were getting used to the idea that bitcoin might not be a boom-and-bust fad destined for failure, entirely new applications of the technology have joined digital currency on stage.


Crypto 2.0 – also know as cryptography 2.0, decentralized applications, or, popularly, as bitcoin 2.0 – is the application of block chain or distributed ledger technology to things other than digital currency. The block chain offers the ability to facilitate decentralized ownership and store, transfer and process information in a decentralized, programmable way. Many consider that innovation to be the true value of this technology.



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