Greetings folks So, I am sure that we all know that there are a lot of reasons why Bitcoin has stood as the number one digital asset. That said the fact that Bitcoin is decentralized means there is no one in control so yeah Bitcoin as we know it doesn't belong to one person alone it belongs to everyone and, at the same time it still belongs to no one. That's why to upgrade the software it's not easy because for that you will have to use what is called a BIP Bitcoin Improvement Proposal, which is like a good suggestion for something new. Unlike an election where we vote for who would be next in power, the Bitcoin network is different Why? Because it's more like a community. As I said earlier there isn't anyone in charge. If an upgrade was to be made in the software almost every developer, miner, and even we the users, have to agree to it and this agreement is known as a rough consensus. For example take the incident that took place in 2017 whereby a group of folks wanted to change Bitcoin so that it would be faster basically, their goal was to double the block size back then.
https://bravenewcoin.com/insights/segwit2x-hard-fork-abandoned-what-happened-and-why. But unfortunately it was turned down by many users. Why? Because the software was too risky, although there isn't anyone in charge, it's easy to say we the users have to agree to it....
However am sure all this are to protect the Bitcoin network from losing its value. Because if changes were to be made without anyone agreeing to it then the Bitcoin network as we know it would have had thousands of hard and soft forks which could eventually affect the Bitcoin 21 million coins. That's why for that not to happen only safe changes are acceptable. That's just it folks every new software must agree to work with the old software...
