2024-09-22 23:57
IndustryBitcoin network is a ticking time bomb:
Bitcoin network is a ticking time bomb: Crypto analyst
Bitcoin (BTC) blockchains runs on the Proof-of-Work (PoW) consensus mechanism. Critics have slammed the network for its energy usage and when faced with a similar challenge, Ethereum (ETH) moved to a Proof-of-Stake (PoS) mechanism.
Market participants speculate how the security of the BTC network will be affected by a similar move and whether the Bitcoin blockchain is strong enough to resist an attack.
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Bitcoin network is a ticking time bomb:
| 2024-09-22 23:57
Bitcoin network is a ticking time bomb: Crypto analyst
Bitcoin (BTC) blockchains runs on the Proof-of-Work (PoW) consensus mechanism. Critics have slammed the network for its energy usage and when faced with a similar challenge, Ethereum (ETH) moved to a Proof-of-Stake (PoS) mechanism.
Market participants speculate how the security of the BTC network will be affected by a similar move and whether the Bitcoin blockchain is strong enough to resist an attack.
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