What is a blockchain, and why is it growing in popularity?

Last year, Ripple Labs, creator of the virtual currency XRP, was fined $0.7 million (~£540,000) by the US Financial Crimes Enforcement Network for violating regulations concerning money laundering.

Some observers cite this as the moment cryptocurrencies shaved off their startup hipster beards, put on a tie, and went mainstream. Being fined by a regulator means that you’re part of the financial services industry at last.

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Story added 7. November 2016, content source with full text you can find at link above.