Bitcoin, Blockchain - What's the Buzz?
summary
Panel weighs concrete limits and near-term paths: Bitcoin currently averages 10 minute confirmations, peaks at 7 transactions per second, and relies on proof of work miners; core protocol changes sit with about 10 to 20 core developers while tens of thousands build apps above it. Private blockchains drop proof of work, target banks (trade finance first), and aim for live assets in ~2–3 years. Smart contracts promise automated payouts that could remove some accounting and audit work; mass consumer currency use remains unproven.
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chapters (5)
- 0:00Start
- 4:59Decentralized Trust
- 9:08Private Blockchains
- 10:05How Does It Work with the Private Blockchain
- 21:26Smart Contracts
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