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November 11, 2024

Future Bitcoin upgrades require contrasting stakeholder support evolving across launch timeline

Bitcoin’s governance structure and consensus mechanisms accentuate the complexity of implementing protocol changes on a network deliberately resistant to alteration. Bitcoin’s consensus model intentionally favors stability, with upgrades proceeding through a high-threshold process involving diverse stakeholdersโ€”miners, economic nodes, investors, developers, and media influencersโ€”each bringing distinct motivations and pressures to the table.

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