NEW: Tether CEO Says Bitcoin is the Only Decentralized Currency

During the BTC Prague conference organized for Bitcoin, the CEO of Tether, Paolo Ardoino, stressed that Bitcoin’s decentralization is incomparable. He further explained how Bitcoin is that one digital currency that operates without any iota of centralized control but purely by mathematical principles. Unlike its 14,000 other peers, stability was designed into Bitcoin by having a limited supply of 21 million coins and the regular halving of the cycles. “Bitcoin is about certainty. It’s like a clock keeps ticking forever,” said Arduino in his address.

While other cryptos tend to change their protocols and economic models relatively often, Bitcoin’s protocol remains essentially the same. In this way, Ardoino’s comments can be construed to say that Bitcoin has been a bedrock of steadiness in a crypto world where most coins offer far less predictability and reliability, especially meme coins based on internet trends.

Comments from the Tether CEO come at a critical time when the crypto industry is under scrutiny regarding DeFi’s effectiveness. While DeFi envisions decentralizing the financial system, other industrial leaders, such as Samson Mow, believe these platforms will never outpace Bitcoin in total decentralization, an echo being headlined across the community in BTC Prague 2024.


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