Bitcoin is the first cryptocurrency. It has an open source that no one owns or controls. Its transactions and emissions are regulated by an extensive peer-to-peer network. The cryptocurrency uses a single database distributed on the network, included in a decentralized peer-to-peer network that uses an electronic digital signature and is supported by a proof-of-work protocol to ensure the security and legitimacy of the funds put into circulation.

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Jameson Lopp

RT @lopp: Bitcoin POW Equivalent Days hit new all-time highs in 2022.

An attacker with 100% of the current hashrate would have to spend ov…

Bitcoin POW Equivalent Days hit new all-time highs in 2022.

An attacker with 100% of the current hashrate would have to spend over 2 years mining in order to accumulate enough work to rewrite the entire bitcoin blockchain. https://t.co/d1XZNlBHyQ