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The centralization of Bitcoin

By Jandmade | Jandmade | 13 Feb 2021


One of the most well-known and notable characteristics of Bitcoin (like other altcoins) is decentralization, not having to depend on a third party, nor the existence of a single power of control.

But the interest in Bitcoin of different entities such as banks or large companies can limit decentralization.

For example, if in the future, a traditional bank is where most of the users obtain and deposit their Bitcoin (by obligation or ignorance), they may have the power of decision and management, thus limiting the benefits of decentralization and the use of blockchain.

And it is that despite the fact that most of the time what comes out the most about Bitcoin is its growing value in $, the authentic and most important value it has is the freedom of decision and use.

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Jandmade
Jandmade

I'm a professional illustrator. More than 30 year experience Based in Galicia


Jandmade
Jandmade

I am a professional illustrator with proven experience in different fields of plastic arts, creativity and design. Interested in art in the world of cryptocurrencyies.

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