Daniela
Tue Jul 09 2024
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6 answers
1200
Does bitcoin's decentralized design protect users from monopoly pricing?
Could you elaborate on how Bitcoin's decentralized design potentially safeguards users from monopoly pricing? Given its peer-to-peer nature, does this ensure fair pricing for transactions and reduce the influence of centralized authorities? Also, are there any mechanisms within the Bitcoin network that specifically prevent monopolistic behavior or price manipulation? Understanding these aspects would help clarify the extent to which Bitcoin's decentralization protects users in terms of pricing.
