Sovereign Individual on Nostr: Blockchains are inefficient until it has #Bitcoin in its base layer because: * it has ...
Blockchains are inefficient until it has #Bitcoin in its base layer because:
* it has an incentive model
* proof of work
* concensus mechanism
* difficulty adjustment
* immutability
* cannot be changed
* use of energy
* incentive structure
* distributed nature
* open source nature
Published at
2023-05-17 10:57:19Event JSON
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"created_at": 1684321039,
"kind": 1,
"tags": [
[
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"bitcoin"
]
],
"content": "Blockchains are inefficient until it has #Bitcoin in its base layer because:\n* it has an incentive model \n* proof of work \n* concensus mechanism \n* difficulty adjustment \n* immutability \n* cannot be changed\n* use of energy\n* incentive structure \n* distributed nature \n* open source nature",
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}