All the deviations Bitcoin had to endure from its early white paper!

Bitcoin has had many ups and downs since its creation. It has a long history of early ups and downs. Both in terms of its dollar value as well as its development and support. It starts with an idea as an anonymous research paper for achievement. For that reason its reputation and large market capitalization have earned it amazing achievements. To achieve these achievements many deviations had to be endured during that time. In particular, Bitcoin had to endure several deviations from its original white paper to achieve this feat:

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Mining Centralization:

We know that Bitcoin is very popular nowadays and that's why its price has increased. And this price increase has made mining very profitable. Currently this network is decentralized. But in this case electricity costs a lot but those who have enough money subsidize electricity. And large mining facilities have sprung up in areas where electricity is subsidized. And all these electricity subsidies are not available to everyone, so it can be said that as a result, an important source of Bitcoin's power is concentrated in the hands of a few people.

Incentives:

Bitcoin's white paper details how rewards will be distributed to killer workers. That is why the White Paper is divided into six sections and the largest one is not free from market forces. But an important point here is that when the network grows, Bitcoin mining becomes increasingly difficult. And if the extraction is to continue then that mining requires a lot of hardware, electricity and cooling. This creates a breakeven point for mining, a factor that was not anticipated in the white paper.

Confidentiality:

We know that Bitcoin is highly confidential, especially when it comes to ownership. Most of the exchanges we trade Bitcoin on are centralized. And after a transaction is completed between these centralized exchanges, it is not difficult to trace who it belongs to or where it is going. Bitcoin's speculation-fueled popularity has long put it in the spotlight of governments and central banks. But another important point here is that no institutional money can destroy Bitcoin. It is a part of Bitcoin like regular users.

Blockchain size:

The white paper is divided into about seven parts and it does a decent job of keeping the size of the blockchain to a minimum. Simply put, the white paper details what the blockchain will look like in the seven parts of the white paper.

Speed and Fees:

Bitcoin has made changes to its code to address transaction speed and cost issues. And to solve this cost problem and increase the speed is done by the core development team of Bitcoin. They changed the size of verified blocks and opened the way for integration with off-chain solutions like the Lightning Network. After doing this work, it has received praise from many and there are few exceptions. But the important thing is that it has been hailed as a workable solution in the eyes of some.