Bitcoin (BTC) has always been known to be a decentralized system without a CEO or appointed governing body. However, over the years, the surprisingly influential Bitcoin Core has managed to gain control of rule changes, the process of bitcoin development, and to a certain degree, the entire BTC network. This centralization of control has allowed companies such as Blockstream and Chaincode Labs, who control the majority of Bitcoin Core developers, to have a greater influence in suppressing necessary changes, as well as to increase their profits as they have created their own L2 solutions. With veteran developers leaving and control being centralized, there is an increasing alarm of Bitcoin's security wall beginning to crumble, sparking worldwide panic. As a result of the above, it appears that the future for Bitcoin (BTC) is at risk if the current trend of centralization is not addressed and managed properly.



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