But although these are variable factors, this doesn’t discredit the significance of the digital economy, interest in the technology as it matures and the influence of institutional investors in cryptocurrency, including Bitcoin.It was designed to increase in value over time through the rules Nakamoto wrote into its software code – which Bitcoin’s most outspoken advocates, known as “maximalists”, vehemently defend.
And decentralized blockchain-based networks don’t just enable digital money. Similar to ordinary smartphone apps, software developers around the world are building decentralized applications on top of Bitcoin and other blockchain protocols.
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