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BITCOIN ANALYSIS! FUNDAMENTALS AND TECHNICALS!The core stakeholders of these blockchains are users, node operators, developers, and miners, and they all exert checks and balances on each other. It includes mechanisms to reward honest participation, to bootstrap acceptance by early adopters, and to guard against concentrations of power. Bitcoin's design. Abstract. This paper delves into the governance challenges faced by Bitcoin, the pioneering decentralized cryptocurrency introduced in
