Since the creation of Bitcoin no cryptocurrency or private blockchain has compared to the exponential power of the longest running, immutable, peer-to-peer, distributed ledger.
The Bitcoin blockchain has been the most popular distributed ledger since its inception in 2009. Over the course of its existence, many altcoins and privatized blockchains have entered the crypto space offering niche applications and bank-2-bank databases that have tried or are trying to take Bitcoin’s place. So far nothing has been offered that compares to the irreversible, trust-free transactions and security provided by proof-of-work mining in the Bitcoin network.
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