Cryptocurrencies, and Bitcoin in particular, have been getting a lot of attention from just about every angle: regulation, governance, taxation, technology, product innovation, and the list goes on. The very concept of a "peer-to-peer (decentralized) electronic cash system" turns many of our previously held assumptions about money and finance on their head.
That said, putting the digital currency aspects aside, an arguably even more interesting and far-reaching innovation is the underlying block chain technology. Regardless of what you think of Bitcoin, or its altcoin derivatives, as a currency and a store of value, behind the scenes they are all operating on the same basic block chain principles outlined by Satoshi Nakamoto
read more........http://www.igvita.com/2014/05/05/minimum-viable-block-chain/
That said, putting the digital currency aspects aside, an arguably even more interesting and far-reaching innovation is the underlying block chain technology. Regardless of what you think of Bitcoin, or its altcoin derivatives, as a currency and a store of value, behind the scenes they are all operating on the same basic block chain principles outlined by Satoshi Nakamoto
read more........http://www.igvita.com/2014/05/05/minimum-viable-block-chain/