I have noted that even now that a lot of other and better versions of consensus algorithms have been formed, Bitcoin has stick itself to PoW!
One of the most recent cryptos, Ethereum, is also based on PoW even though it had a lot of other options!
My question is that what are the factors that make PoW to stand out the rest even when miners have a lot of competition to face here for mining?
Is it because of the stability of the PoW algorithm?
If not, then what attracts Bitcoin to stay on PoW!