In contrast, a decentralized currency is not Get more info backed by a government or authoritative party, and its acceptance is not guaranteed. Instead, the currency’s value is completely determined by whatever its users are willing to trade for it. This decentralized structure is largely the product of libertarian ideology, holding that the government should not have substantial control over the supply of currency. These are similar points to those made by ODI’s Chief Executive Sara Pantuliano to the World Economic Forum in February.

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