For Bitcoin, Slowly But Surely Is Better Than Quickly But Vaguely

8 min read

cryptocurrency

You have probably heard about the many criticisms against Bitcoin (BTC) and its PoW (Proof-Of-Work) consensus mechanism. Bitcoin is being called slow and energy inefficient. At the same time, there are critics who shill for another cryptocurrency that they have become a die-hard supporter of. The major criticisms against Bitcoin is that it “wastes a lot of energy” and that it is “slow and not able to process large transaction volumes”. Well, I would be wrong to say that those statements are false. In fact, they are correct. Bitcoin, the first and therefore oldest blockchain in existence, has its limitations…....

This article is free to read

Login to read the full article


OR
Vincent Tabora I am a network engineer and technology writer, with a deep focus in blockchain and machine learning technology. I have extensive experience in the IT industry developing and implementing solutions in various industries. I eventually became more interested in blockchain due to the rise in cryptocurrency like Bitcoin. I realized that it was not about speculating on price value, it is a disruption in the finance industry. At the moment I like to educate about the significance of cryptocurrency, which I feel has great potential to drive innovation not just in financial systems, but even in settlements and trust.

Follow DDI

Gain Access to Expert Views

We won't send you spam. Unsubscribe at any time.