Hi,
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
There is no dedicated team which owns the complete blockhain or has the power to control the whole network but there is a team of core miners who are dedicated towards blocks mining and improvement over the network. These are rewarded for their work directly through the BTC mined by them while mining blocks of Bitcoin. Moreover if there is a new coin emerging out of bitcoin and there are a number of core miners who support it then BTC is generally hard forked by creating a new coin and splitting it in the same ratio. This new coin is transferred to an altogether separate blockchain. Bitcoin Cash & Bitcoin Gold were two most popular hard forks and after that there was a series of that. So this is how bitcoin gets improved.