bitcoin mining pool

A revolution began with Bitcoin.
Digital money is something that has always been proposed. The bitcoin proof of concept was verified by the cryptocurrency.
Money wasn't the only factor. In the context of a multi trillion dollar market, Bitcoin brought innovation and creativity.
During this report, we'll look at whether Bitcoin is still a good investment.
Final score for Criptonomix: 97/100
Result report:
31 out of 33 functional products
Community 33 / 33 strong
33 / 33 Great leadership
Item of Work
The sole purpose of Bitcoin is to facilitate the transfer of value. Having to do with money. As such, it fulfills all of the three functions of money.
Adding value to the store
Exchange medium
An account unit
It is a solid store of value. Bitcoins have a limit. Never will there be more than 21 million.
People lose their passwords, and send to non-existent addresses, which drops the supply.
Decrypt estimates that just under four million Bitcoins are going away forever.
This powerful currency is known as bitcoin. An incredible amount of simplicity can be found in creating and using a Bitcoin wallet.
In comparison to traditional banks.
El Salvador, for instance, announced that Bitcoin will become legal tender in early 2021. In less than six months, 21 million citizens actively used Bitcoin wallets. This contrasts sharply with the 18 million individuals with bank accounts.
In addition to being a unit of account, Bitcoin has also proven to be successful. An ability to check the value of a product or service.
Eight decimal places are available for Bitcoin. In the event that more are needed, then the core developers are easily able to help.
At the moment, Bitcoin struggles to function as a stable unit of account. Most likely, it will soon.
The price of Bitcoin is volatile in comparison to dollars and euros.
A good example is a Bitcoin user buying pizza in the early days. On it, he spent 10,000 Bitcoins. Millions of dollars would be equivalent to that same amount of Bitcoin today.
Widespread adoption of this technology is the only way to resolve this problem. The price of Bitcoin would remain stable if everyone used it natively.
As it stands, the price is too volatile to be used as a unit of account. This means money.
Over time, merchants will measure in dollars (or their preferred fiat) first and Bitcoin second.
Decentralization & Scalability
In addition, Bitcoin is unable to scale effectively. Therefore, the number of possible transactions is limited.
Bitcoin transactions are capped at roughly 10 million per month.
There are several possible solutions. Often, they are centralized, however. Bitcoin departs from its decentralization philosophy.
Despite its decentralization, the technology has been unable to scale.
There are two possible scenarios from here.
On top of Bitcoin, developers develop infrastructure to enable scalable decentralization.
A competitor invents a technology that renders bitcoin useless.
With the growing Bitcoin ecosystem, it seems almost certain that the first scenario will come to pass. It is easy to think of the Lightning Network.
There is a small chance of the 2nd scenario happening, but it is possible. Almost a decade has passed since Bitcoin's inception. The fact that Bitcoin has not been overthrown by a competitor says something important.
A better Bitcoin could potentially bring billions of dollars to those who create it. The financial incentive has not been enough to make anyone succeed.
Technologically, it is impossible. Innovations, however, often surprise everyone. Our list should not be closed off with this possibility.
It's clear that Bitcoin is on track to replace the current monetary system. It is even the consensus of most banking professionals.
In summary, Bitcoin has a useful feature. However, in time it may be scalable.
Overall score: 31 / 33
Community of active participants
In the cryptocurrency market, Bitcoin enjoys the first movers advantage. Because of this, it has the largest market capitalization, most adoption, and most recognition among the public.
There is no cryptocurrency with a larger community than Bitcoin. As a result, there are several subcommunities. Languages, cultures and countries differ among them.
In this way, Bitcoin is the embodiment of its philosophy. There is no single centralized authority. It has been a challenging year for Mongolians, elected officials in Latin America, and voters in rural Mongolia. There are millions of people who believe in Bitcoin.
Cryptocurrency adoption will grow Bitcoin's community too.
Despite the challenges, the Bitcoin community continues to grow, and it will do so for a long time to come
Score for active communities: 33 / 33
Leaders who lead well
Using Bitcoin, you create an entirely decentralized monetary system. It would be disastrous if we had just one person responsible for heading the project.
There is only one leader, and that would be Satoshi Nakamoto. Currently, no one knows their identity. They haven't used their Bitcoin wallet in years. They're unlikely to become famous.
Satoshi Nakamoto completed all of his tasks perfectly.
It would be Bitcoin's best scenario if it didn't have a public figurehead. Community members lead themselves.
It's true that Bitcoin does not need anyone to represent it. Cryptocurrency speaks for itself.
If there was no leadership, most projects would fail. But that is precisely why Bitcoin is so amazing.
It is not the best option to follow a leader in Bitcoin.

33/33, good score for leadership

A few words of wisdom
The most popular cryptocurrency is Bitcoin. Success can be measured in any way. It cannot be stopped.
These factors make it a valuable investment for any portfolio.
Final score for Criptonomix: 97/100