A couple of years back cryptocurrencies took the world by a storm! Bitcoin and Blockchain emerged as the buzzwords with lots and lots of speculations both good and bad. While the talks about Bitcoins have subdued over time, the technology behind it is already shifting the financial industry upside down through its disruptive applications.
The future of Blockchain is bright, and the social media giant just confirmed it. According to the recent development, social media tech giant, Facebook has silently acqui-hired the team behind Chainspace: a smart contracts platform. Having said that, the amount is yet undisclosed, but going by the startup’s expectations, it would be somewhere near $4 Million.