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RE: Steemit Crypto Academy Contest / S1W1 - Favorite Blockchain Network by @whitestallion.

in SteemitCryptoAcademy2 years ago
I really love Bitcoin, mostly because it paved way for the cryptocurrency world. Mining Bitcoin really costs a lot and becomes more difficult as more miners join the system. The proof of work consensus mechanism wasn't the best for the start but it brought about the decentralization that was needed. Bitcoin could change to another consensus mechanism but as to whether that would happen is said to be highly unlikely.
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Mining bitcoin is very expensive, perhaps its consensus mechanism could be changed to proof of stake in the near future.

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