Is Bitcoin safe? Proof of Work | Money Arata 21

Diamond Hands: https://arata.se/diamondhands

A single bitcoin is worth tens of thousands of dollars. The entire network has a market value in the hundreds of billions of dollars. All this in completely digital assets, on the internet, without any banknote or currency physically stored in a bank.

Now imagine the temptation it is for a hacker to want to take some of that money. Imagine the profit that a successful attack on this billion dollar network would make. Imagine how many people have tried to attack bitcoin from 2008 to today.

Even with a billion-dollar prize pool on hand, no hacker has ever managed to successfully attack the bitcoin network. And probably none ever will.

Bitcoin has the greatest computing power on planet Earth dedicated to making this network completely immune to attack. At the heart of this defence system is a technology known as Proof of Work.

Proof of Work is proof that a miner has invested money in equipment and electricity to validate transactions. This ensures that defrauding bitcoin is economically unfeasible.

Contact us (questions, suggestions, support): https://arata.se/contact

Subscribe YouTube: https://arata.se/yteng
Facebook: https://arata.se/facebook
LinkedIn: https://arata.se/linkedin
Instagram: https://arata.se/instagram
Twitter: https://arata.se/twitter
Pinterest: https://arata.se/pinterest