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EP #32 Why Cryptocurrency Is Still Relevant in 2023 w/ Bill Barhydt
Moonshots with Peter Diamandis
Is Bitcoin the Only Large Scale Cryptocurrency?
Bitcoin is the only large scale, what we call proof of work, mind cryptocurrency. It uses this mining concept where a bunch of computers are trying to solve a game every 10 minutes in order to win more Bitcoin. And it is the only network of that type that has achieved massive global scale. But like you think about Litecoin and some of the other projects, they fork Bitcoin. They start testing different things that you don't want to test on the Bitcoin network.
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