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BTC $62,987.13 -0.10%
ETH $1,879.43 -0.17%
BNB $604.37 -0.90%
XRP $0.9989 -0.40%
SOL $74.95 -0.81%
TRX $0.3313 +0.04%
DOGE $0.0698 -0.19%
ADA $0.1761 -0.91%
BCH $203.33 -0.23%
LINK $9.41 -1.41%
HYPE $57.52 +0.82%
AAVE $86.09 -0.57%
SUI $0.6741 -0.87%
XLM $0.1571 -0.63%
ZEC $488.08 -0.29%

Jack Dorsey: Block's involvement in mining is to ensure the security of the Bitcoin network

2024-05-22 23:18:04

ChainCatcher news, Jack Dorsey responded to the reason why Block is venturing into the Bitcoin mining hardware space, stating: "The reason we are building this system is that it ensures network security. This is not just about mining new bitcoins, but about verifying transactions. If we have a secure network, we have secure money. Secure money is something that people trust. Businesses can trust it. People can trust it."

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