You have probably heard about the many criticisms against Bitcoin (BTC) and its PoW (Proof-Of-Work) consensus mechanism. Bitcoin is being called slow and energy inefficient. At the same time, there are critics who shill for another cryptocurrency that they have become a die-hard supporter of. The major criticisms against Bitcoin is that it “wastes a lot of energy” and that it is “slow and not able to process large transaction volumes”. Well, I would be wrong to say that those statements are false. In fact, they are correct. Bitcoin, the first and therefore oldest blockchain in existence, has its limitations…....
For Bitcoin, Slowly But Surely Is Better Than Quickly But Vaguely
8 min read
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