• BITCOIN IS BUILT TO LAST: HOW THE NETWORK DEFENDS AGAINST ATTACKS

    April 28, 2024
    1 Comment

    Bitcoin is not invincible, but was designed with resilience at its core. The eighth installment of “10 Steps to Self-Sovereignty” powered by Ledger.

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    Bitcoin is one of the most robust distributed systems in the history of mankind. For fifteen years it has ticked along block by block with only two disruptions in its first few years that were very quickly handled by responsive developers the minute they manifested themselves. Aside from that, it has ticked along producing a block roughly every ten minutes with no interruptions. 

    This reliability has set a golden standard of expectations for Bitcoin users, encouraging them to view it as a completely unstoppable system. In many peoples’ minds, Bitcoin has already won, and the world is just catching up with that realization. “Bitcoin is inevitable” as many would say. 

    This doesn’t mean that Bitcoin is literally unstoppable though, there are possible events that could cause massive damage or disruption to the network if they were to occur. We’re going to go through a few of these examples today and see how they would likely play out.

    To read more visit Bitcoin Magazine.

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    Author

    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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    fredricjl

    If the power goes out what then?

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