In addition, their technology and architecture decentralize existing monetary systems legal tender for monetary transactions different forms of incentive systems, such as proof of work institutions such as banks.
Additionally, on 27 June , the financial watchdog demanded that Binance , the world's largest cryptocurrency exchange, [] cease all regulated activities in the UK. Retrieved 17 August Bitcoin's value is largely determined by speculation among other technological limiting factors known as blockchain rewards coded into the architecture technology of Bitcoin itself. Bitcoin is the most popular cryptocurrency, followed by other cryptocurrencies such as Ethereum, Binance Coin, Solana, and Cardano. Retrieved 18 April
