Market value reflects a premium on security over speed, proving that a slow fortress is always worth more than a fast house of cards. In the digital economy, trust remains the only feature that cannot be easily replicated or rushed.
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Deep Dive
Why are the 2 slowest blockchains worth TRILLIONS?!Added:
Now, many people may ask, why is it that essentially the two slowest blockchains out there, pretty much the two slowest, Bitcoin and Ethereum are the most highly valued? Certainly, in terms of market cap on all coin ranking sites, they are the top two. They have been for a long time and they probably will be for the foreseeable future. Not that fast, right? I mean, you got Salana, you got Avalanche, all these other blockchains doing really, really high speed scalability stuff. The problem is guys is what people are valuing most, okay, is not necessarily scalability, although that's obviously what we need eventually. They're valuing security and robustness. Okay, Bitcoin and Ethereum have never been hacked since inception and have never had an outage. Other blockchains which are pushing the boundaries are like Salana right now.
That's their approach of the way of doing things. when you're pushing the boundaries that much there are sometimes hiccups and side effects that these other blockchains get and that's fine but that is still a risk right people are valuing robustness and security now I worked as a software engineer for a very long time and the priority is always to get a product working stable and secure scalability is always the thing that essentially comes last and is one of the most hardest problems to solve so that is the approach that Ethereum and Bitcoin have taken, right?
Other blockchains are building from the ground up, right? And they've got their own approach and it's not necessarily a bad thing, but the market is clearly not valuing those changes highly. Otherwise, Bitcoin and Ethereum would not be as valued as much now, right? They've also stood the test of time. There's all sorts of factors, but this is a large factor. You have to get a product secure, stable, especially where you have people's cryptocurrency locked on the chain, right? People don't want their blockchain hacked if you've got money locked on the chain. This thing is this technology is essentially very directly tied to money, especially from a cryptocurrency application perspective. Okay, so this is clearly why Bitcoin and Ethereum are valued more highly. Now, I do talk more about these challenges and the scalability challenges that Bitcoin and Ethereum are having and other blockchains, okay, in my book. It's called The Essential Guide to Blockchain Platforms on Amazon.
Cheers, guys.
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