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ZEC $1,165.81 -5.14%
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GOOGL $320.79 -1.65%
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SPCX $147.27 -1.11%
MU $881.05 -0.40%
AMD $516.15 -0.74%

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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