Special thanks to Chakradhar Dhulipalla for feedback and review. Background and motivation Long gone are the good ol’ days when Netflix used to be the only streaming service you subscribed to and sparingly shared with your friends and family providing access to virtually every video content out there. But now if you haven’t noticed there’s a new streaming service rolled out by every other big producer and publisher with their exclusive content as the only selling point to drive adoption. In this new world, for some it’s perfectly reasonable to subscribe to every service exclusively streaming the new TV series. For others it’s the constant juggle between one or two services every month.
The year of 2019 has been a wild ride for the blockchain industry. The looming ban on cryptocurrencies by the Indian government and the leak of a draft bill that proposes a 10 year jail term. The long awaited end of crypto winter with bitcoin reaching a high of $13,000 and hovering around $10,000 as of this writing. The announcement of a “cryptocurrency” by Facebook and their plans to make it a global stable digital coin. These all might seem like unrelated events but they all point to one thing, the blockchain and cryptocurrencies ecosystem has reached a level of maturity that big tech companies and democratic governments around the world are not only taking notice but are taking proactive steps to adopt and regulate the industry.