Cryptocurrencies are have been touted by their supporter as the inevitable wave of the future – the next step in the evolution of money. Despite the avid support, they have been largely disregarded by regulators as a fad that could never replace conventional currencies. Are they right? Or, are they just scared of losing control over money?
The Blockchain is the underlying tech behind Bitcoin. In its simplest form, it is simply an encrypted database log of all transactions with their time-stamp. Anyone can access the metadata about any transaction, as they are all available through APIs. Because blockchain transactions are both secure and public, it has evolved to become the basis for several other innovative startups. Here is a list of some of the most interesting, blockchain-based startups.