Why Does Bitcoin Have a Core Development Team (Why Does Bitcoin Make Money)

Why does Bitcoin have a core development team? In the past two years, developers have been constantly expanding their expertise and experience. They have never really started any technical work, but instead chose other methods to do more research or experiments to implement these ideas. Over time, they will gradually adapt and improve some protocols, including new features created for the next version. This is very important for us. The core development team of Bitcoin mainly includes the following points:

1. Community-driven project;

2. Interconnection and communication among developers;

3. Relationship with customers, products, and companies;

4. The development team can customize designs based on business goals, such as wallets and exchanges.

5. Skill level of developers.

6. Number of developers and their rate of development.

7. Development team members are open-source software engineers or contributors.

8. One of the key components in the Bitcoin ecosystem is the consensus mechanism. It is a network composed of multiple blockchains.

9. Number of nodes on the Bitcoin network.

Why Does Bitcoin Make Money

Why does Bitcoin make money? From 2017 to 2019, BTC’s increase was as high as 300%. According to statistics, BTC’s price has more than doubled this year; after 2020, BTC’s price has doubled again. By the end of the first quarter of 2018, Bitcoin had risen to $60,000.

So what reasons led to the popularity of Bitcoin? There are mainly two reasons: one is that it is a speculative tool itself, and many people believe that its value lies in “decentralization.” For example, some people say it can be used as a high-risk investment or an asset because it is highly unstable and prone to severe declines. The second reason is that it is not issued and managed by any institution, which to some extent affects its future trend. If a company wants to become a downstream financial service provider, it must have a mechanism to ensure the company’s profit. The third point is that people are becoming increasingly interested in digital currency, and there is also a lot of attention to this type of cryptocurrency, so many people are focusing on it.