Tag Archives: bitcoinprotocol

bitcoin protocol

Bitcoin Offers Banking to the Unbanked Billions

Could it’s Protocol Replace all of Wall Street ?

Source, World Bitcoin Network

This is the ninth video in our series called “Bitcoin as a Disruptor”.  What are the future implications of Bitcoin around the World ? This episode highlights bitcoin’s ability to provide full banking services for over half the world’s population, the unbanked billions.

Finance, accounting and distribution would become infinitely easier…..and adding 3.5 billion people into the world’s economy could bring benefits no one can foresee. 

Few realize how many unbanked there are even in the developed world. Can cutting edge technology, like bitcoin provide the ultimate solution?

Geir Solem
Cryptor Trust Inc.

The Revolution – The Bitcoin Protocol

This is the seventh video in this series called “Bitcoin as a Disruptor”. The Bitcoin protocol, a game changer beyond the Bitcoin currency itself, as it opens the door to innovation without permission. Decentralized consensus, were currency is only the first application…..

Presentation by Andreas Antonopoulos, The Bitcoin Foundation. Source ID GC

We continue to look at the even bigger picture, the jaw dropping changes that bitcoin could provide in what we would call a revolution.

Like the Internet itself, Bitcoin will change everything.

The concept of a decentralized network that could achieve consensus (agreement) without any central controlling authority was an unresolved problem in computer science called the Byzantine Generals’ Problem. The Bitcoin protocol solved this problem in 2008 and that in itself is truly revolutionary.

Bitcoin is the Internet of money and the Bitcoin currency is only the first application. At its core Bitcoin is a revolutionary technology that will change the world forever.

Geir Solem
Cryptor Trust Inc.