Can you name these 3rd generation blockchains and how are they more decentralized?
It's probably not because of the first move advantage but because none of these other blockhains have proven themselves to be more secure than bitcoin.
Topic: Bitcoin or 3rd generation blockchain - page 2. (Read 276 times)
Firstly, understand exactly how many projects right now are touting these types of new tech that will solve all the scalability issues and have all those new features like smart contracts or whatnot. And then look at how many have actually materialised into something useful.
The point is that they are often profit driven projects that will completely halt their development once they suck the investor money dry. They don't care about anything but that.
BTC may not be the best coin in terms of technology, but it's the most practical and it's really all we need, a decentralised money supply. And yes, first mover advantage in such a disruptive technology like blockchain is indeed extremely important.
The point is that they are often profit driven projects that will completely halt their development once they suck the investor money dry. They don't care about anything but that.
BTC may not be the best coin in terms of technology, but it's the most practical and it's really all we need, a decentralised money supply. And yes, first mover advantage in such a disruptive technology like blockchain is indeed extremely important.
Hi everyone,
distributed ledger technology is the future, I think most people agree on this, but why bitcoin?
Bitcoin is the oldest system, it is not scalable, it needs second layer scaling solution, it is energy consuming, there is few big mining pools and is not very decentralized. There are other problems too.
Woudn't a 3rd generation blockchain that is more decentralized in practice, less energy consuming, cheaper, and offer smart contracts and many more possibilities surpass bitcoin at some point?
Is the first move advantage so big, is there something else I am missing?
distributed ledger technology is the future, I think most people agree on this, but why bitcoin?
Bitcoin is the oldest system, it is not scalable, it needs second layer scaling solution, it is energy consuming, there is few big mining pools and is not very decentralized. There are other problems too.
Woudn't a 3rd generation blockchain that is more decentralized in practice, less energy consuming, cheaper, and offer smart contracts and many more possibilities surpass bitcoin at some point?
Is the first move advantage so big, is there something else I am missing?
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