Goldman Sachs nails why banks are so excited about the technology behind bitcoin

Business Insider
By Oscar Williams-GrutJan 23, 2016, 3:38 am1.1k ptsTrendingInterestingTop
Banks are going gaga for blockchain technology, the protocol developed to underpin bitcoin. It uses complex cryptography and a wide network of records — known as a "distributed ledger" — to eliminate the need for a central bank or middle man to regulate transactions. Banks have been swarming around the…

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