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Can a lesson in bimetallism help the long-term stability of Bitcoin and privacy coins? -Breaking


Is it possible to learn from bimetallism and improve the long-term stability Bitcoin and privacy coins

Since the tail-end of 2021, the crypto market has been in a downtrend. It culminated in a plunge that also impacted the traditional markets. Some speculation was eliminated by the latest bust. However, the current shakeup is not the same as in the past. We still have many active users who use the network, which is a significant increase from what we’ve seen in previous cycles. More holders of the cryptocurrency and more true believers have made it to the other side. As this happens, however, some are concerned about Bitcoin.BTCThis could impact the adoption of privacy coins. Privacy coins offer an economic incentive as well as utility.

In 2022’s first half, there were two points: inCrypto market rally huge dumpsPrivacy coins like Monero are available.XMR), (DASHZcash and ).ZECThese altcoins have performed relatively well against. This means that there may be an Crypto privacy is an underlying need?

Michael TaboneCointelegraph Research economist. He is a Ph.D. Candidat, an engineer, economics and business strategist. He also offers strategic consulting for firms that focus on the DeFi or blockchain space. Michael co-authored numerous reports for Cointelegraph Research. He also writes the quarterly Venture Capitalist Report, which is published on Cointelegraph Research Terminal. His Ph.D. dissertation focuses on the practical application of DAOs in the business world.