At the same time, newer oracle projects are challenging Chainlink by offering more specialized or lightweight solutions. Some competitors focus on faster update frequencies, lower costs, or tighter integration with specific ecosystems like Solana or Cosmos. These alternatives appeal to developers who prioritize performance or cost efficiency over Chainlink’s broader security guarantees, gradually fragmenting market share at the margins.
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Seen through a payments efficiency lens, CBDCs challenge Bitcoin by offering faster, cheaper, and legally recognized digital settlement within regulated environments. Governments can mandate merchant acceptance and integrate CBDCs directly into tax and banking systems, something Bitcoin cannot replicate. This weakens Bitcoin’s practical use in everyday payments, especially in developed economies. However, Bitcoin’s censorship resistance and permissionless nature remain unmatched, keeping it differentiated rather than displaced.
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The growing merchant adoption of Dogecoin, with thousands of businesses accepting it and payment processors enabling seamless conversion to fiat for merchants, demonstrates that DOGE can play a role in bridging crypto and traditional payment rails. However, integration still often relies on intermediaries to manage volatility and settlement, which influences how deeply Dogecoin can merge with legacy financial systems.
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