What is TBD (TBD)?

TBD launched in July 2021 with the aim of creating “an open developer platform” focused on decentralized finance and Bitcoin. Now TBD has its first offering: a platform that promises a new version of the internet in which users will have full control over their own data. “This will likely be our most important contribution to the internet.

Will TBD create a decentralized web platform?

TBD says it wants to create a decentralized web platform to solve this problem. It will be made up of “a new class of decentralized apps and protocols,” according to its website.

Does block have a Bitcoin business?

Block’s crypto businesses have expanded to a bitcoin hardware wallet, a bitcoin-mining business, and an open-source business called TBD for developers. On top of that, there’s an independent, bitcoin-focused business within Block called Spiral.

What is the purpose of a decentralized bitcoin network?

The overall aim is to make mining more decentralized, in turn making the overall Bitcoin network more resilient. As the cryptocurrency’s value has increased, and it’s become more challenging to mine without economies of scale, there have been fears that the network has become centralized on too small a group of miners.