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Why the banks that are going crazy for blockchain technology don’t care about bitcoin’s problems

February 4, 2016

Here’s a paradox.

Financial institutions like top banks and stock exchanges are hugely excited about blockchain technology, the databasing protocol that underpins bitcoin.

But as the blockchain hype in mainstream finance has grown, bitcoin itself has faced more and more problems. The decentralized network is facing issues with capacity because of a technical limit on how many transactions the blockchain can process per second.

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