The concept of cryptocurrencies has grown in popularity over the past several years. Because of its decentralized structure and potential to upend established financial institutions, Bitcoin in particular has drawn a lot of interest. However, game theory, a field of mathematics that examines strategic decision-making in competitive contexts, has a significant impact on the development of Bitcoin and other cryptocurrencies. This article will examine the game theory that underlies Bitcoin and other cryptocurrencies and how it influences the uptake and use of these technologies.
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