Bitcoin’s ‘usefulness in illicit commerce’ would possibly undercut its basic message | F…

Bitcoin, a cryptocurrency that got here to public consideration following the disaster that was the 2008-09 recession, has come a good distance since. The world’s largest decentralized cryptocurrency now has a market cap of over $250 billion, at press time. What’s driving such progress? Nicely, to an enormous extent, it’s adoption actually. However, what’s driving the adoption of Bitcoin infrastructure internationally? This was the query a current paper titled ‘World drivers of cryptocurrency infrastructure adoption‘ tried to deal with.

Right here, it is very important observe that based on the paper in query, Bitcoin infrastructure contains not solely “infrastructure supporting Bitcoin’s peer-to-peer network (the hosting of bitnodes, which are infrastructure meant to validate and verify transactions),” however “infrastructure facilitating the integration of Bitcoin into the regular economy (merchants’ acceptance of bitcoins as payment),” as…