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2024-12-06 15:26:34

maiakee on Nostr: Bitcoin’s value is grounded in its proof-of-work model, where each coin is earned ...



Bitcoin’s value is grounded in its proof-of-work model, where each coin is earned through the mining process, requiring significant energy and human effort. This resource-intensive process creates scarcity, with a limited supply of only 21 million coins, giving Bitcoin inherent value and making it a trusted, decentralized asset. The effort and energy involved in mining ensure that Bitcoin remains secure, fair, and transparent, setting it apart from other cryptocurrencies.

In contrast, Ethereum’s launch included a premine, with 72 million ETH allocated to developers and early investors, raising concerns over centralization and fairness. While Ethereum has introduced innovative technologies like smart contracts and decentralized applications, the premine has led to criticism about its deviation from true decentralization. Bitcoin’s focus on scarcity, decentralization, and security continues to make it the most trusted and valuable cryptocurrency, while Ethereum’s approach has sparked debates about its long-term sustainability.

#siamstr #btc #bitcoin #nostr
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