Breaking the chains.

The article discusses the dispute over how to scale digital currency that is considered as a bitter conflict between Chinese miners and Western developers. The recognition of bitcoin as a global platform for hundreds of startups, offering services from trading the currency to providing market data a...

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Bibliographic Details
Published in:Economist Vol. 424; no. 9051; pp. 61 - 64
Format: Article
Published: Economist Newspaper Limited 7/29/2017
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Online Access:View this record in EBSCOhost
Description
Summary:The article discusses the dispute over how to scale digital currency that is considered as a bitter conflict between Chinese miners and Western developers. The recognition of bitcoin as a global platform for hundreds of startups, offering services from trading the currency to providing market data and operating bitcoin automated teller machines (ATMs) is tackled. The need for decentralised cryptocurrencies and other blockchain-based systems of robust governance mechanisms is also outlined.