Is Bitcoin Making the U.S. Elections More Efficient?
The crypto currency market, particularly Bitcoin [BTC], saw increased interest from U.S. politicians. Former President Donald Trump and Joe Biden , the current president of the U.S., seem to have caught the crypto currency bug ahead of the 2024 elections. Amidst this, Bernstein, a prominent brokerage firm, revealed how the digital asset industry could make the whole election process more efficient. Leading prediction market Polymarket, which is run on blockchain technology, has recently made headlines in the crypto currency market. The network runs on the Ethereum Layer 2 network Polygon and makes use of an automated market maker pool. With the stablecoin USDC, Polymarket allows users to bet on a wide range of activities. This not only includes politics but also sports and entertainment. It might be challenging for beginners to get into the blockchain sector. But Polymarket makes using it easier. Several media outlets have been suggesting that Polymarket is one of the “defaults...