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Title: Bitcoin: The Most Immutable Ledger of Them All Post by: Posternut on July 30, 2016, 09:35:21 PM 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. https://news.bitcoin.com/bitcoin-trusted-immutable-ledger/ Title: Re: Bitcoin: The Most Immutable Ledger of Them All Post by: Indianacoin on July 30, 2016, 11:10:36 PM The most important reason why it is the most immutable ledger is that it was invented at very first when no one except Satoshi and his crew knew about crytocurrency.
Also the idea of "proof of work" also worked well and is working fine to this day. That's why peercoin and other POS coins has not much influence as compared to Bitcoin. Eventually Ethereum is nearing on keeping in par with Bitcoin, but lets see what happens in 4 years from now. ;) Title: Re: Bitcoin: The Most Immutable Ledger of Them All Post by: marky89 on July 30, 2016, 11:14:07 PM It is important to remember that no blockchain is truly immutable. The question is how difficult is it to change the past (roll back transactions, etc)? For Bitcoin, the answer is "very expensive" but not impossible. One could invest a lot of money into rolling back and maliciously re-organizing the blockchain. It hasn't been done, but that doesn't mean that no one will try.
Title: Re: Bitcoin: The Most Immutable Ledger of Them All Post by: rizzlarolla on July 31, 2016, 12:00:25 AM 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. https://news.bitcoin.com/bitcoin-trusted-immutable-ledger/ You started 32 threads like this, out of total 41 posts. Just a quote from news.bitcoin, 1 paragraph, no personal input from you. Sometimes a couple a day. Do you work at news.bitcoin? *Jamie Redman? Title: Re: Bitcoin: The Most Immutable Ledger of Them All Post by: pandalion98 on July 31, 2016, 03:25:38 AM 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. https://news.bitcoin.com/bitcoin-trusted-immutable-ledger/ You started 32 threads like this, out of total 41 posts. Just a quote from news.bitcoin, 1 paragraph, no personal input from you. Sometimes a couple a day. Do you work at news.bitcoin? *Jamie Redman? I'll assume that he won't reply to your question. |