Bitcoin, the revolutionary technological innovation, is becoming old hat.
Even while investors and regulators are paying much more attention (and more money) to the technological architecture underpinning the cryptocurrency, a funny thing is happening: Bitcoin, the very reason for that architecture, is often going completely unmentioned.
That's not to say that bitcoin is becoming less popular as a means of exchange or a store of value — it's price in U.S. dollars is hovering near a one-year high — but people are increasingly showing much more interest in other potential applications of secure distributed ledgers (also called blockchains), which have nothing to do with money.
It's that innovation — the blockchain — that allows for the bitcoin network's global functioning. It securely records information publicly, and concurrently hosts those records on separate computers. And while many have argued that a blockchain is fundamentally insecure without bitcoin's diverse network participants incentivized by monetary reward, not everyone agrees.