This is a guest contribution by Eli Afram, a long time Bitcoin advocate. He explains how blockchain has been misunderstood, why it’s been perfected by Bitcoin SV, and how it can help enterprises, like those in the iGaming industry, thrive. This article first appeared on CoinGeek.com.

Remember the hype of the “blockchain” buzzword in 2017? Do you recall all the promises from countless ICOs, start-ups and ‘projects’ that scammed billions from people all around the world? The promises they all gave concerning blockchain were just that, promises.

The promise of blockchain wasn’t itself fraudulent. It’s all very real. But the opportunity, brought scammers opportunity also, and the word was hijacked by people all over the world, somehow selling you some ‘new’ blockchain idea. We had some coin that was supposed to work with mechanics, some other that was supposed to help the dentist industry… and so on. Money doesn’t work like that. To truly be liquid, as cash likes to be, it needs to be operable everywhere. Then we had projects that claimed to be even better than blockchain—only they ended falling on their own swords.

In the end billions were scammed on failed projects. And they all promised blockchain break-throughs of one nature or another, to unsuspecting victims.