Blockchain technology adoption will go mainstream

Blockchain technology has been around for quite some time. Initially it was an unknown technology that no one thought had any value. Today, it has become a well-known technology and has shocked new players, such as IBM, to lead the new trend of using blockchain technology. Meanwhile, Bitcoin technology has been quietly developing over the past few years.

IBM, the world's largest information technology company, has announced that it will launch a new blockchain-based protocol designed for smart contracts. The company is trying to develop technology that can use many currencies, including Bitcoin.

The blockchain is a public ledger where all Bitcoin transactions are recorded. It is constantly being completed as full blocks are added. The blockchain has complete information about addresses and account balances transferred from the first block to the latest full block. Blocks are added to the blockchain in chronological order. Every computer connected to the Bitcoin network gets a copy of the blockchain, which is automatically downloaded when it connects to the Bitcoin network.

Therefore, creating a block that can make transaction records valid is the meaning of minin. Economic factors are also an important factor that motivates miners to participate in network construction.

Now, 21 Inc. has developed a new piece of hardware that includes a Raspberry Pi 2. It appears that "the 21 Bitcoin Computer is the first computer that includes native hardware and software to support the Bitcoin protocol." Developers will be able to use the 21 Bitcoin Computer to rent out any Internet-connected device based on user usage. "For example, the owner could allow others to submit jobs to a Bitcoin-specific printer or 3D printer, or install a smart lock that uses Bitcoin to open a door."

Since “the 21 Bitcoin Computer was made possible by funding from Qualcomm, Cisco, and Andreessen Horowitz,” new pieces of hardware are bringing more new users into the game.

The overall concept behind the new hardware is to make it a kind of “square credit card reader for bitcoin users” and is intended to give developers an easier way to create new applications based on the bitcoin blockchain.