<a href='https://bitcoinmagazine.com/articles/the-king-of-blockchains-bitcoin-can-become-the-foundation-for-web-3-0'><img src='https://bitcoinmagazine.com/wp-content/uploads/2020/03/King-of-blockchains-800x529.jpg'></a> from [TFA](https://bitcoinmagazine.com/articles/the-king-of-blockchains-bitcoin-can-become-the-foundation-for-web-3-0) : <blockquote> Bitcoin remains the undisputed “king” of blockchains. Bitcoin’s dominance has increased significantly since the experimental times of 2017. Bitcoin has survived many attempted forks and “civil wars” and has established itself as the reserve cryptocurrency; people fall back to Bitcoin in bear markets. The production network has stood the test of time for over 10 years now. However, the crypto industry has dismissed Bitcoin when it comes to smart contracts or Web 3.0. I believe this is going to change. It’s true that Bitcoin cannot do everything. Bitcoin is secure because it has a limited scripting language. Bitcoin is reliable and durable because it doesn’t change. This does not mean that the developer ecosystem around Bitcoin cannot innovate and enable support for Web 3.0. As the crypto industry makes progress toward Web 3.0, we’ll come to realize that it’s hard to beat the security and network effects of Bitcoin. Despite several initiatives by potential competitors, the hashrate of the Bitcoin network and the security offered by its proof-of-work (PoW) mining remain unparalleled to this day. For years, new cryptocurrencies have attempted to launch their own native PoW networks; none has approached Bitcoin’s success. Bitcoin has network effects. Most people are introduced to cryptocurrencies through Bitcoin. If something can be done on top of Bitcoin, it will eventually get done on top of Bitcoin rather than a smaller ecosystem. Network effects make Bitcoin’s success self-reinforcing: Miners see that the network is established, that the community is strong and that the currency is the “hardest” money in the crypto space. Miners join or expand their commitment, increasing hashpower and network reliability; their entry inspires still more holders and businesses, increasing community support. The cycle goes on. Smart Contracts on Bitcoin Despite the success of Bitcoin, critics who question Bitcoin’s capacity for innovation have some valid points. There are aspects of Bitcoin that frustrate developers who wish to explore the world of smart contracts and decentralized apps. Many projects have created their own blockchains because they perceive Bitcoin’s scripting limitations as a dealbreaker. They cannot deny the original chain’s security, but they also wish they could write more expressive smart contracts. New blockchains find themselves struggling with poor, native PoW security, and often attempt jumps to proof of stake (PoS) or delegated PoS setups which may be less secure and tend toward centralization. As a result, several crypto projects have concluded that they must pick their poison: They must either attempt to bootstrap a native PoW chain or else establish a PoS chain, with all of the tradeoffs that entails. But these are not the only options. There is a different path available: Smart contract platforms can employ Bitcoin’s PoW security to safeguard new blockchains. </blockquote> and the funny thing is : no one is slandering anyone on who should be the boss in a very de-centralized fashion and .... its worth more than 20 cents ... HIVE at 30 cents huh ? still have a hard time believing BUT ... they pumped steem to seven dollar too before they started wrecking it ... that's good right, unless my accounts are 'dont say censored' ... disabled cuz i didnt suck teh whale dick ? LOL-mao ... told you so btw, they go where the vote-sucking brings most its not about allegiance or tribalism but its really hard to believe the coin with the 100.000 dollar whales reaching for the 50cent mark while this one stays 'stable' lol ... no one knows what happens on discord, right ... we shall see ... in the meantime : LTC is back at $38 and BTC at ... more than i can afford to buy
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steem-ua | 0 | 58,586,888,682 | 2.14% | ||
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krillseeker | 0 | 732,246,945 | 100% | ||
incinboost | 0 | 19,342,354,370 | 26.32% | ||
spring-steem | 0 | 732,828,637 | 100% | ||
summer-steem | 0 | 732,795,876 | 100% | ||
winter-steem | 0 | 732,794,392 | 100% | ||
autumn-steem | 0 | 732,798,085 | 100% | ||
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steemgems | 0 | 549,639,026 | 100% | ||
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swirly | 0 | 3,084,970,649 | 100% | ||
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#### Hi @rudyardcatling! Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation! Your **UA** account score is currently 2.410 which ranks you at **#13431** across all Steem accounts. Your rank has improved 72 places in the last three days (old rank 13503). In our last Algorithmic Curation Round, consisting of 171 contributions, your post is ranked at **#150**. ##### Evaluation of your UA score: * Only a few people are following you, try to convince more people with good work. * You have already convinced some users to vote for your post, keep trying! * Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score! **Feel free to join our [@steem-ua Discord server](https://discord.gg/KpBNYGz)**
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