Amster Rothstein and Ebenstein, LLP - Intellectual Property Law

The Bitcoin Network, Blockchain Technology and Altcoin Futures

September 12, 2017
Author(s): Charles R. Macedo, Barry Brager


IPWATCHDOG


In 2008, as the financial markets crumbled in the largest economic crisis the world has seen since the 1930s, Satoshi Nakamoto published a white paper describing his Bitcoinnetwork and the blockchain technology that was used to enable it.  (By common convention, Bitcoin with a capital “B” typically refers to the Bitcoin network as a whole, whereas bitcoin with a lowercase “b” refers to the digital asset of the Bitcoin network.)  Since then, while markets have recovered, Nakamoto’s creation has flourished and spawned countless other “altcoins” along with new uses and applications for his blockchain technology and its derivatives.

Because the Bitcoin network and blockchain technology have become key components of today’s digital economy, it is important for attorneys and others to understand the basic terminology and features of this technology.  This article provides high-level explanations for this purpose.

* * * *

Block out some time this week
 
On Thursday, September 14, 2017 at noon EDT, we will be hosting a webinar to discuss Keeping Up with the Bitcoin and Blockchain Opportunity, using smart dashboards maintained by Intellar.com to track global players, technologies and events in this explosive area.

For more information on Bitcoin, blockchain, altcoins, and intellectual property issues associated therewith, please contact the author at [email protected] and for more information on Intellar™ dashboards powered by Perception Partners® please contact author at [email protected].

(Full Article is available at IPWATCHDOG:  http://www.ipwatchdog.com/2017/09/12/bitcoin-network-blockchain-technology-altcoin-futures/id=87916/)



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