NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Are Private Blockchains Good Enough?

newsbtc
newsbtc
1 year ago
2 mins read
Now Blockchain To Help In Authenticating Academic Certificates. newsbtc bitcoin news

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Cross border payment processor Earthport is the latest established company to throw its weight behind the adoption of blockchain technology for banks and other orthodox financial service providers. The company is driving this with the message, “you do not have to endure the risk of working with a start-up to benefit from blockchain tech.” Earthport, a mature company, is adding a range of blockchain based services to the existing menu of what they offer their banking and corporate customers.

Over the last six months the campaign to highlight the advantages of blockchain and private networks backed by banks and governments over bitcoin is having a greater degree of success. Internal dissention among the core developer group coupled with continuous light pressure from bodies like the European Parliament and successful PR campaigns like the R3 banking consortium all work towards slowing the adoption of public blockchains and its leading example bitcoin. The latest effort to move the public’s attention away from bitcoin is evidenced by the recent renaming of blockchain tech as DLT, Distributed Ledger Technology.

The accountability and economies that internally managed blockchains will impose on financial institutions is certainly a positive step. For example, if mortgages had been maintained on private blockchains prior to 2000, the issues at the core of the Credit Default swap Crises of 2008 would probably not have been possible. This is because it would have been impossible to hide the credit worthiness and payment history of high risk mortgages which caused the mispricing of Mortgage Backed Securities sold to financial institutions worldwide.

But does the value to be derived from private blockchains make it acceptable to ignore the value of public blockchains like bitcoins? That is certainly what banks and governments hope will be accepted by the public at large. To drive home the message that bitcoins are dangerous we are continually reminded that woven into their history are tales of the Silk Road, Mt. GoX and the loss of significant wealth through misplaced private keys and hard drives. All new technology at its beginnings are difficult to use, unfamiliar and therefore unpopular with the mainstream. If pressed, it’s not hard to remember that 20 years ago there was no Amazon or Google and many thought the internet was the primary communications tool of pornographers and felons. And anyone old enough will remember the arcana you needed to master to setup Internet software and modems?

There will be mistakes. But true innovation comes from young companies. Though it is to be noted that on many occasions young companies are piloted by seasoned professionals discontent with the status quo. It can reasonably argued that there is considerably more risk limiting the custodianship of blockchain tech to established companies, with behavior that in many cases is not the most trustworthy or laudable.  However much energy is applied towards slowing the adoption of bitcoins and other public blockchains, and it cannot be stated with certainty that we know what form digital currency will take, Pandora’s box is well and truly open, the paradigm shift is in progress and the ultimate result will be accountability in all of blockchain’s uses.

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Slips Below STH Cost Basis – Why This Could Be A Buy Signal?

Bitcoin price has continued to hover in the range of $106,000-$108,000 over the last 24 hours. The premier cryptocurrency is...

Semilore Faleti 7 hours ago
Chainlink

Chainlink Bears Show Strength, But $16 Support Could Flip The Downtrend

In his latest Chainlink daily technical outlook, CryptoWzrd noted that the token closed bearish, retesting the $16.00 daily support level....

Godspower Owie 12 hours ago
Bitcoin

Investors Pile In After Bitcoin’s Decline — Here’s What It Could Mean

Following the flash crash of last week, the Bitcoin price has once again sunk to similar depths, albeit in a...

Semilore Faleti 12 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

scaderea_bitcoin

Bitcoin își testează limitele: ce urmează după cea mai mare corecție din 2025?

antonio 1 hour ago
Bitcoin

Bitcoin’s Creator Just Took A $20 Billion Hit — If He’s Still Watching

Christian Encila 2 hours ago
Bitcoin

Bitcoin Price: 7 Vital On-Chain Signals Spotted From Recent Crash

Semilore Faleti 4 hours ago

Premium Sponsors

Press Releases

  • イーサリアム 今後の価格動向:$4,232のレジスタンス再試し後に下落、しかし新興格安仮想通貨が10倍の可能性

    イーサリアム...

    10 hours ago
  • ビットコイン 今後の価格見通し:下降トライアングル崩壊後、10万5,000ドルを下回る可能性はあるか?

    ビットコイン...

    11 hours ago
  • シバコイン 今後はどうなる?価格予測と3日後に終了する注目プレセール

    シバコイン...

    11 hours ago
  • パイネットワーク 価格 予測:1ドル以下で注目される次世代の有望仮想通貨が投資家の注目を集める

    パイネットワーク 価格...

    11 hours ago
  • ドージコイン 今後:ナスダック報道後の大規模売却、次の大きな動きの前兆か?

    ドージコイン...

    11 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.