A decade has passed since blockchain, the technology behind Bitcoin, found recognition. Since then blockchain technology has evolved and matured through various stages, each having its own specific use and functionality. In its basic form, blockchain already offers a secure record in the form of distributed ledgers, high levels of security through digital signatures, and absolute immutability through cryptographic consensus mechanisms. There is, however, massive economic potential that has not yet been adopted or even recognized by much of the blockchain community, nevermind the world. This article will walk you through the upgrades that the cryptocurrency space has been making, and show you how these new technologies could be extremely valuable to the global economic system.
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