Today, let's reveal the secret of virtual currency. Is the huge development of virtual currency based on the fact that Bitcoin data cannot be tampered with? In fact, anonymity of Bitcoin is not the demand point of most of us because we do not have criminal demand in this regard. Our demand point is that data cannot be tampered with, and the operating code of Bitcoin is the consensus mechanism for users who hold Bitcoin, We can imagine this mechanism as if I signed a contract with Bitcoin, and we will always operate according to this contract.
Okay, now the focus is on whether there is a project leader and investment institution for any coin except Bitcoin. They hold a large number of tokens and their underlying code project can be changed. Taking Ethereum as an example, can so many miners agree to convert POW to POS? Finally, the development team can also change the operating mechanism of the underlying code to pos. This way, the development direction of Ethereum must be in the direction of benefiting developers and investors. In fact, there is no absolute right or wrong about this thing. We can also imagine the operating mechanism of Ethereum as a contract.
Let's take an example now. One is Bitcoin, who is relatively honest. The contract we signed at the beginning will never change, so we will continue to cooperate according to the rules we agreed upon.
Now there is another partner, Ethereum, who is quite intelligent and has a wide range of social resources and connections. However, he can change the contract I signed with him at the beginning. The changed contract may be in the direction of our company's interests, but he has the power to change this contract.
These two partners each have their own advantages and disadvantages, and there is no absolute right or wrong. However, if your original intention in entering virtual currency is to prevent data tampering, which partner should you choose? Don't go against your original intention for those prospects for the future.