The number of Bitcoin users continues to grow, giving it an advantage that’s hard for rivals to surpass.
“Bitcoin has the potential to become for our global monetary economy what the Internet has been for our global society,” said Tancredi Cordero, founder of Kuros Associates in London. “The main concern and turning point for Bitcoin are trust, adoption and regulation.”
Computing power devoted to running the Bitcoin network has soared over the past two years. The hash rate, a common term of measurement, has grown exponentially in a reflection of the greater investment in computers to turn around transactions and record them faster on the blockchain.
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