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As the worlds first and leading decentralised trust network, Bitcoin is able to transfer power from Banks incumbents to the people, and in the process help connect the billions of unbanked in the world to the global economy. In essence it is a shared, trusted, public ledger that everyone can inspect, but which no single user controls. Traditional banks may be rendered obsolete by Bitcoin and blockchain technology, but the reality is that blockchain has the potential to do much more than just support cryptocurrencies.
Bitcoin industry insiders have issued an optimistic prediction for the cryptocurrency over the next few decades, suggesting it could be as widely used as the Swiss franc or the Australian dollar.
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—Samuel Lee, CEO, Bitcoin Group Limited. In essence it is a shared, trusted, public ledger that everyone can inspect, but which no single user controls. The Economist. Traditional banks may be rendered obsolete by Bitcoin and blockchain technology, but the reality is that blockchain has the potential to do much more than. 13 Jan Bitcoin Group Cleared to List on Australian Securities Exchange. Daniel Palmer Australian bitcoin mining firm Bitcoin Group is scheduled to make its long- delayed debut on the Australian Securities Exchange (ASX) in early February. Reports Tickets for $ Billion Powerball Jackpot Now Selling for. 13 Jan After months of delays, Australian bitcoin company Bitcoin Group will finally make its share market debut in February.