Bitcoin is the only decentralized currency, Tether CEO says

According to Tether CEO Paolo Ardoino, Bitcoin is unique among the more than 14,000 various cryptocurrencies because it is the only one that is not centralized.

Bitcoin is the only decentralized currency, Ardoino said in an interview with Cointelegraph on June 13 at the Bitcoin-only conference, BTC Prague.

“Bitcoin is the only example of a currency that is only ruled by math that basically cannot be changed,” Tether CEO stated. Apart from Bitcoin, some cryptocurrencies are a bit more centralized, or others are a bit less centralized, Ardoino believes.

“With the other currencies, you see that there is a group of developers that come every month. They are coming out with a new software release, they change the monetary policy, inflationary, deflationary, and they keep changing things,” the executive noted.