Bitcoin: The Most Immutable Ledger of Them All

pandalion98

sr. member

Activity: 504

Merit: 250

Quote from: rizzlarolla on July 30, 2016, 08:00:25 PM

Quote from: Posternut on July 30, 2016, 05:35:21 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/

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?

He's probably doing it to build up backlinks to his site and raise his SEO ranking.

I'll assume that he won't reply to your question.

rizzlarolla

hero member

Activity: 812

Merit: 1001

Quote from: Posternut on July 30, 2016, 05:35:21 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/

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?

marky89

hero member

Activity: 756

Merit: 502

CryptoTalk.Org - Get Paid for every Post!

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.

Indianacoin

sr. member

Activity: 406

Merit: 252

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. Wink

Posternut

member

Activity: 79

Merit: 10

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/

Topic: Bitcoin: The Most Immutable Ledger of Them All (Read 474 times)