Uncovering the top 5 public blockchain in the cryptocurrency world is a complex affair. Let’s take a look at the leading public blockchains.
The Bitcoin blockchain is extremely secure due to its distributed nature; there is no single point of entry and the cryptographic functions within its blockchain mechanics ensure that transactions are recorded and stored in an extremely secure manner.
Bitcoin’s blockchain uses a Proof-of-Work (POW) mechanism to establish consensus across its distributed network.
POW requires the use of tremendous energy consumption and sophisticated computer hardware to secure Bitcoin transactions all over the crypto world.
Bitcoin’s POW consensus mechanism is considered to be the crowning jewel for the field of distributed computing since it allows a distributed and decentralized network to agree to a single truth that is accepted by everyone, something which hasn’t been accomplished in the field of computer science and cryptography before the advent of Bitcoin.
“Bitcoin is great as a form of digital money, but its scripting language is too weak for any kind of serious advanced applications to be built on top.”
– Vitalik Buterin, founder of Ethereum, on the limitations of Bitcoin