BTC accounts for more than half of the cryptocurrency market capitalization.
All cryptocurrencies or cryptocurrency platforms can only be considered theoretically safe if they reach the security level of the Bitcoin network. We call the ability to achieve Bitcoin network security level: "Shared BTC Consensus Security".
Without "shared BTC consensus security" it is easy for BTC to be nuked by indiscriminate market cap. For example, if a cryptocurrency A has approximately 1/4 of the market value of BTC, then 1/4 of the market value of BTC can control A. So only cryptocurrencies that reach the security level of the Bitcoin network are as safe as BTC.
RentaCiudadana So what are such cryptocurrencies?
Native assets on Bitcoin naturally enjoy the same consensus security as BTC on the Bitcoin network.
The #BEVM team has proposed the #SuperBitcoin framework, which aims to use BTC as the core, to build a valued Internet that can infinitely expand around BTC, sharing BTC consensus security.
Hello,
This is an intriguing perspective on cryptocurrency security, especially the concept of "Shared BTC Consensus Security." Bitcoin’s decentralized network and robust security make it a benchmark for other cryptocurrencies, and the idea of leveraging Bitcoin's security level for other networks is quite compelling. The example of cryptocurrency A with a market cap that's a fraction of Bitcoin’s highlights a potential vulnerability in smaller coins—if their market value is too low, they become more susceptible to manipulation and attacks. This is where the "shared BTC consensus security" concept could provide a solution by allowing other networks to tap into Bitcoin's proven security mechanisms.The #SuperBitcoin framework proposed by the #BEVM team seems like an interesting attempt to extend Bitcoin’s security benefits to a broader ecosystem. If successful, it could create a more resilient decentralized internet built around Bitcoin’s foundational trust, offering scalability without compromising security. It's worth keeping an eye on how this concept evolves and whether it can genuinely offer a way to build secure, scalable, and interconnected platforms on top of Bitcoin’s network. Do you think this model can gain traction across the crypto space, or will Bitcoin’s dominance pose limitations to broader adoption?
