One cannot leave a FinTech or digital currency conference without hearing some rendition of "I love the blockchain, just not bitcoin". However, as with most clichés, the phrase actually addresses the core of the issue: it begs for a defense of blockchains and the bitcoin blockchain as the best in-class. Blockchains are data structures that have two distinct features: 1. They have native tokens that form the basis of all recorded information and economic incentives for using the system. 2. They contain a chain of cryptographic proofs that ensures the data has not been tampered with, lest the chain of proofs would not be able to be reconstructed.

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