How Does Bitcoin Shape New Crypto Projects Like Lynqyo?

cryptonews.com:

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.

Bitcoin (BTC) was the first-ever cryptocurrency created and has seen huge success over the years. Released over a decade ago, it has developed significantly over time, attracting users globally. With its acknowledgment and success, more crypto projects began to be released, and now the crypto market has become exceedingly popular.

Whilst there are various sectors within the crypto market such as DeFi, GameFi, and more, Bitcoin has had a level of influence on all crypto projects, regardless of their focus. A new project, Lynqyo (LNQ), focuses on adopting Web3 and focuses on decentralisation. Whilst this is different from Bitcoin as a project, let’s see how Bitcoin has influenced Lynqyo.

Bitcoin was first introduced in 2009 by Satoshi Nakamoto. He developed Bitcoin to give everyone around the world access to a global digital currency that would allow for direct value exchange. 

Since our existing financial system is heavily reliant on governments and central banks, he believed it is destined to fail. Bitcoin, a peer-to-peer digital currency with a finite supply that would offer protection against inflation and make the internet economy accessible to everyone in the world, was his solution to this issue.

With Bitcoin’s large platform and success, there are many reasons for its influence on projects such as Lynqyo. For starters, BTC was the first cryptocurrency to enter the market and has been the largest crypto in the market ever since. Due to this, Bitcoin has carried a lot of weight as the innovator in this emerging market. This has, however, also helped the first cryptocurrency establish itself as a reliable store of