The Exponential Growth In Cryptocurrencies is, ironically, just beginning. Major companies like Bank of America and other institutions are getting in on this race. According to Cointelegraph, "So far, the bank has already filed over 30 Blockchain technology-based patent applications, including as many as 18 in 2016." 30 Patents already! Not that this is exactly a good thing, considering patents block others from using their "blockchain" technology and completely ruining the objective of the entire blockchain, but the message is clear--cryptos are here to stay. This is essentially the first leg up in the crypto bull run. The patents are a tell tale sign that the crypto boom is picking up speed, especially since they are partnering with Microsoft to increase transaction speed processing. Imagine a future with instantaneous real-time conversion, transaction validation, risk detection, and online and offline storage.....well, that's the dream at least. Here is a link to the article:
https://cointelegraph.com/news/bank-of-america-files-9-blockchain-based-patent-applications
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ARRRGGG this is so aggravating. Of course big corporate banks will demonstrate their greed and file all types of patents to ruin the spirit of the blockchain. When will they ever learn that it's better if everyone works together and benefits the same. They're the copycats.
Unfortunately, im pretty sure they are behind all the massive pumping that brought the cryptos to 150 billion...little people dont have money like that honestly. Wait til you see my next post...its gonna be terrifying...
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