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Bitcoin Mining Is Becoming an Infrastructure Race
Over the last decade, Bitcoin, the largest cryptocurrency by market capitalization, has evolved into a store of value. Similarly, the Bitcoin (BTC -0.06%) mining industry has undergone a remarkable evolution, highlighting its capacity to generate value and contribute to economic activity. Its pseudonymous creator, Satoshi Nakamoto, designed Bitcoin to be a decentralized, peer-to-peer electronic cash system that allows two parties to transact directly without trusting a third party, such as a bank. This is made possible by an immutable distributed ledger system that relies heavily on miners, who are a vital component ... (full story)
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