Published On: Wed, Jul 27th, 2016

New Study Reveals Bitcoin Economy Maturing to Mainstream Enterprise

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A team of economists from UCL Centre for Blockchain Technologies, Deutsche Bundesbank, University of Wisconsin and The New School have published a research paper titled “The Evolution of the Bitcoin Economy: Extracting and Analyzing the Network of Payment Relationships.”The economists’ conclusion is that the Bitcoin economy has grown and matured from an early prototype stage, through a second growth stage characterized by “sin” (i.e. gambling, black markets), to a third stage marked by a sharp progression away from “sin” and toward legitimate enterprises.The conclusion is hardly surprising: Blockchain-related press headlines, …

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