Bitcoin is often hailed as a “trustless” financial system, free from the need to rely on centralized authorities or intermediaries. This trustlessness stems from Bitcoin’s decentralized nature, secured by cryptography, transparent transactions, and an immutable blockchain. But as Bitcoin adoption has grown, so has the concentration of its holdings. Today, large entities like MicroStrategy and […]
Tag: decentralization
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Michael Saylor, the executive chairman of MicroStrategy, has become one of the most prominent figures in the Bitcoin ecosystem. His company has acquired a staggering 423,650 Bitcoin as of now, accounting for more than 2% of Bitcoin’s total fixed supply of 21 million coins. While this level of commitment might seem like a vote of […]
In 2009, Bitcoin emerged as the first cryptocurrency, introducing a revolutionary concept: a decentralized, immutable ledger where anyone could participate without trusting a central authority. This ethos of decentralization became the foundation for blockchain technology. But as the industry evolved, cracks in Bitcoin’s approach began to show. It was slow, expensive, and incapable of scaling […]