LIVE from the Nasdaq Entrepreneurial Center in San Francisco on Thursday, June 14. distributed ledger technology on which bitcoin was built, in 2008, is called “blockchain.”” data-reactid=”15″>It can be confusing for cryptocurrency newbies to learn that one of the oldest bitcoin companies, launched in 2011, is named Blockchain, and the distributed ledger technology on which bitcoin was built, in 2008, is called “blockchain.” cold storage” by using a hardware wallet.)” data-reactid=”16″>Nevertheless, Blockchain, the company, which is the world’s No.

1 provider of free wallet software for storing cryptocurrency, hit a significant milestone this week: 25 million customer wallets. (For the uninitiated: if you own cryptocurrency, you must store the access keys to your coins in a digital wallet— or to be extra cautious you can practice “cold storage” by using a hardware wallet.) Coinbase, the largest mainstream U.S. site for buying cryptocurrency.

And until this year, Coinbase and Blockchain were not really competitors. Blockchain, which is headquartered in the UK, has long offered bitcoin buying services there, but not in the U.S., where about 40% of its users reside.

This year, Blockchain has slowly begun rolling out the option to buy and trade bitcoin in the U.S.” data-reactid=”17″>These days, the average American who is not steeped in crypto understanding, but decides they want to buy some bitcoin, is likely to head to Coinbase, the largest mainstream U.S. site for buying cryptocurrency.

And until this year, Coinbase and Blockchain were not really competitors. Blockchain, which is headquartered in the UK, has long offered bitcoin buying services there, but not in the U.S., where about 40% of its users reside. Read more from finance.yahoo.com…

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