Digital currency

9 Overlooked Technologies That Could Transform The World

The idea of digital currency is slowing starting to make the rounds, including the potential for Bitcoin, but what many of us don't realize is that's it's here to stay. Sure,it's had a rough start, but once established and disseminated, electronic cash will allow for efficient and convenient online exchanges — and all without the need for those pesky banks. Despite the obvious need for a distributed digital currency protocol, the adoption rate has been relatively slow. Barriers to entry include availability (it's in limited supply), the cryptography problem (the public still needs to be assured that it's secure), the establishment of a recognized and trustworthy dispute system (sensing some opportunities here), and user confidence (a problem similar to the one that emerged when paper money first emerged).