RATE Group | The Evolution of Bitcoin’s Technology Stack
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The Evolution of Bitcoin’s Technology Stack

23 Jan The Evolution of Bitcoin’s Technology Stack

Posted at 00:28h in Bitcoin News by

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Over the last 10 years, the Bitcoin ecosystem has attracted developers to dedicate thousands of hours to improve and revamp most of its underlying codebase. Yet, Bitcoin (BTC) is largely the same. The reason for this is that its core set of consensus rules that define its monetary properties, such as its algorithmic inflation and hard-coded supply, remain unchanged.

Time and time again, factions have attempted to change these core properties, but all hostile takeovers thus far have failed. It’s often a painful process but one that highlights and solidifies two of Bitcoin’s biggest virtues: No single party can dictate how Bitcoin evolves; and the absence of centralized control protects Bitcoin’s monetary properties.

The barriers to development — and working through them

The values that make Bitcoin a popular phenomenon are also those that make developing software atop Bitcoin more challenging than any other digital asset. Developers are limited to what they’re able to…

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