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Which blockchain is the most decentralized? Experts answer

Almost 13 years ago on Oct. 31, 2008, Satoshi Nakamoto published Bitcoin’s (BTC) white paper. As a “purely peer-to-peer version of electronic cash,” the first cryptocurrency was deployed with a consensus mechanism called “proof-of-work” that allows networks to agree on which transactions are valid in order to verify them without the involvement of a third party. Three years later, a new approach dubbed “proof-of-stake” was proposed to address the inefficiencies of the PoW consensus mechanism and lower the amount of computational resources required to run a blockchain network.
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