Industry collaboratives, consortiums and vendors have been working to address the problem with scaling blockchain-based cryptocurrency transactions, both in terms of size and efficiency.
If successful, digital currency could rival traditional banking and even make credit cards obsolete, as a person’s bank account and credit would be tied to a public-private key infrastructure they – and not the bank – would control.
Click here for original story, MIT’s blockchain-based ‘Spider’ offers 4X faster cryptocurrency processing
Source: Computer World