Blockchain Technology: Transforming Libertarian Cryptocurrency Dreams to Finance and Banking Realities

The financial technology (FinTech) sector sees high potential value in cryptocurrency blockchain protocols, or distributed-ledger technology (DLT). However, the requirements and guarantees of blockchains for cryptocurrencies do not match those of FinTech—from transaction throughput to security primitives and privacy. The author explores how blockchain research beyond Bitcoin is closing these gaps and some of the challenges that remain.