Tether CEO Paolo Ardoino indicated that he believes that among the over 14,000 cryptocurrencies in the world, Bitcoin has the best decentralized system.
On recent BTC conference he recalled that no one could replicate the decentralized design of Bitcoin.
“As far as I know, there are no other currencies that are based on the rigor of mathematical calculationsArduino commented. There is clearly no other cryptocurrency that does not have a single major source of control that Bitcoin has.
“The developers of all other tokens on the market are constantly releasing new updates, editing the financial program and inflation or deflation. It highlighted the quiet and ever resilient side of BTC.”
It highlights the stability of Bitcoin and the fixed supply of 21 million BTC. New tokens entering circulation are reduced with each halving event, occurring approximately every four years.
On the issue of decentralization, Arduino acknowledged the centralized model of Tether, which at this stage may be the most suitable option for the company.