Remember when bitcoin was hailed as the future of financial services: the killer app for Western Union, Visa and Bank of America?
Well, over the last year, that hype has died down. According to Vox, the dream is officially dead.
But not so fast, says Bushwick’s own blockchain applications studio, ConsenSys. ConsenSys works with another blockchain technology, Ethereum, which lends itself to a broader range of applications than bitcoin, such as “smart contracts.” Even the Vox article singled out Ethereum as the “rising star of the cryptocurrency world” among a group of competitors that has taken away bitcoin’s momentum.
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