Decentralized Institutions: The Future of Bitcoin?

Decentralized institutions: The future of Bitcoin?

To this point in this e book we’ve explored the kingdom of Bitcoin and block chain technologies as of 2015. On this chapter, we’ll don't forget what destiny possibilities can be found out by means of Bitcoin. We gained’t claim to recognize what may spread, following the adage “by no means make predictions, mainly approximately the future.” as a result the question mark within the name.

Bitcoin is a extensive difficulty that encompasses the protocol itself as well as its capability as a platform for brand spanking new packages. The focus of this bankruptcy isn't the destiny of the Bitcoin protocol, even though we understand that there are many problems as a way to shape the future of the protocol which can be important to have a look at, inclusive of Bitcoin’s governance, performance, scalability, and feature set.

Alternatively we will cognizance on how Bitcoin’s obvious fulfillment at decentralizing forex may additionally motive us to reconsider different centralized institutions — ones dealing with stocks, bonds, belongings titles, and more. We’ll ask if block chain technology might be carried out to decentralizing them as well. No longer only must we ask if decentralization is technically viable, however also if it is financially realistic and beneficial to society.