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The technology behind bitcoin is only halfway through its evolution

One year ago   |   By

Thomson Reuters
In a wide-ranging report on blockchain and cryptocurrencies, Credit Suisse said blockchain would reach full maturity in 2025.
Market watchers can expect 2018 to be a year in which "certain products go viral" and "new providers/models emerge."
The hype around bitcoin , and its underpinning blockchain technology, is real. But we are still a ways off from blockchain reaching full maturity.
Blockchain, which is best explained as a decentralized ledger, is best known for being the technology behind red-hot bitcoin. But its potential use-cases do not just reside in the world for...
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97% of all bitcoins are held by 4% of addresses

97% of all bitcoins are held by 4% of addresses

One year ago   |   By

Thomson Reuters
In a wide-ranging note on cryptocurrencies and blockchain, Credit Suisse explored the concentration of wealth in bitcoin.
'97% of all bitcoins are held by 4% of addresses,' according to the bank.
Is bitcoin just another toy for the 1%?
It's a question analysts at Switzerland-based bank Credit Suisse explored in a big note on cryptocurrencies and blockchain sent out to clients on Thursday.
"The concentration of wealth at a small group of addresses - be it individuals or exchanges -means that a few key players in the game can have a massive influence on the bitcoin market...
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