2016 saw the rise of the blockchain evangelist. Not since the heady dotcom days have we seen so many experts hyping a new technology. But, amid the hype, little attention has been paid to an important question. Who pays for the blockchain?
This consideration is especially important to anyone evaluating blockchain technology for their organization.
The blockchain buzz began in 2015. Bitcoin’s association with illegal activities earned it a bad reputation. This led startups to brand themselves as blockchain companies. They promised to deliver the benefits of the “technology behind bitcoin” without the undesirable baggage. Most didn’t understand that the technology behind bitcoin has existed for years.
Bitcoin’s success is a result of the network’s economic incentives.
Read more at CoinDesk