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2024-12-06 15:45:15

maiakee on Nostr: Bitcoin differs from other coins that copy its code mainly in two areas: 1. Proof of ...



Bitcoin differs from other coins that copy its code mainly in two areas:
1. Proof of Work (PoW): Bitcoin uses a PoW consensus mechanism, which is energy-intensive but offers strong security. Other coins may use alternative mechanisms like Proof of Stake (PoS), which can be more energy-efficient but less secure.

2. Network Effect: Bitcoin benefits from the largest user base, market cap, and liquidity, making it more valuable and secure. Other coins, even if they share similar technical features, struggle to achieve the same level of adoption and support.

#siamstr #btc #bitcoin #nostr
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