Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
IS BITCOIN'S SECURITY A TICKING TIME BOMB? Bitcoin's reliance on the Proof-of-Work (PoW) consensus mechanism has sparked concerns about its energy use and security, especially compared to Ethereum's shift to Proof-of-Stake (PoS). Analyst Anthony Sassano warns that Bitcoin lacks… https://t.co/pYJk5iPJsK
Bitcoin’s physical limits constrain its ability to operate at anything like the speed and scale of current payments and clearing systems https://t.co/LI2qdpVmjH
IS BITCOIN'S SECURITY A TICKING TIME BOMB? Bitcoin's reliance on the Proof-of-Work (PoW) consensus mechanism has sparked concerns about its energy use and security, especially compared to Ethereum's shift to Proof-of-Stake (PoS). Analyst Anthony Sassano warns that Bitcoin… https://t.co/6QyxmPJL6N
Concerns are mounting over Bitcoin's reliance on the Proof-of-Work (PoW) consensus mechanism. Analyst Anthony Sassano has highlighted the potential risks associated with Bitcoin's security, particularly the possibility of a 51% attack. The energy consumption of Bitcoin's PoW system is also a growing issue, especially in comparison to Ethereum, which has transitioned to a more energy-efficient Proof-of-Stake (PoS) mechanism. Sassano describes Bitcoin's security as a 'ticking time bomb' due to its lack of a sustainable security budget. Additionally, Bitcoin's physical limitations hinder its ability to operate at the speed and scale of current payment and clearing systems.