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Blockstream to launch Sidechain

By Benzinga
FinTech

As bitcoin has gained popularity over the past few years, the system that the cryptocurrency runs on began to face some growing pains.

Developers started to worry that the existing framework wouldn't be able to support continued growth; new ideas about how blockchain, the ledger-like technology that bitcoin runs on, could be used in other industries began to emerge.

Those issues threatened to tear bitcoin apart, as the cryptocurrency community debated whether changes to the way bitcoin operates would take away from its decentralized nature. However, a startup called Blockstream says it has created a solution that will allow bitcoin to grow while keeping its original framework intact.

Read more at Benzinga.
Photo: BTC Keychain

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