The cryptocurrency and blockchain sector experienced explosive growth in 2021, especially in its decentralized finance (DeFi) and non-fungible token (NFT) sectors.
The year was also marked by continued price volatility, puzzling behavior from China, a grand experiment in Central America, growing institutional interest, and the rise of some faster smart contract networks, all of which are reflected in the listing. this year’s industry “winners and losers”.
Winners in 2021 Kazakhstan When China effectively banned () mining operations in May 2021, Kazakhstan was quick to fill the void, throwing displaced miners and others into its supply of cheap and plentiful coal. Many established operations in the Central Asian country, including a top five cryptocurrency mining pool operated by BIT Mining.
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