Very simple, because bitcoin prioritizes security over speed. That is why bitcoin has never been hacked.
You pay more for the miners to secure the network, which to me is more than worth it. As the saying goes, you get what you pay for.
Ethereum and the other shitcoins on the other hand, have been hacked countless times losing untold billions of dollars to hackers.
If you want cheap and fast, then don't expect a lot of security, and be prepared to lose all your funds.
Are you new to Bitcoin? Here are some notable events in its history that Bitcoiners often reflect on:
Bitcoin Inflation Bugs:
🔴 CVE-20105139 Bug (August 15, 2010):
This bug resulted in 184 billion BTC being minted. To address the issue, core developers Gavin Andresen and Satoshi Nakamoto rolled back the blockchain, removing the transaction from block 74638.
🔴 CVE-201817144 Bug (September 17, 2018):
Discovered by a Bitcoin Cash (BCH) developer, this bug was fixed before it could be exploited by malicious actors.
ref: medium.datadriveninvestor.com/itcoin-unhackable-it-happened-twice-not-blowing-smoke-9e16bcddd5ab
Downtime Events:
Bitcoin has experienced moments of downtime during its history:
🔴 August 15, 2010 (The Value Overflow Incident):
Bitcoin went down due to a critical bug (CVE-2010-5139), requiring swift action to secure the network.
🔴 March 11, 2013 (CVE-2013-3220):
This downtime was caused by a different bug, highlighting the challenges in maintaining the network.
ref:bitcoinuptime.com
By comparison, only BNbitcoin and Litecoin, have 100% uptime and no hacks.
Stop spreading inaccurate information. None of them allow direct hack to Bitcoin protocol/blockchain.
1. Solution to fix CVE-20105139 isn't rollback, but rather using new version of full node software which reject the invalid block. There's no code addition which enable rollback.
2. CVE-2013-3220 only affect Bitcoin-Qt (former name of Bitcoin Core). While it cause some block to be invalidated, it doesn't enable hack.
3. CVE-201817144 only affect Bitcoin Core software. Other full node software would detect the double-spend attempt and reject the block. In addition, some mining pool probably use their own custom full node software.
Some of those CVE also affect Litecoin, since Litecoin Core use Bitcoin Core's code. And any token/coin which use BSC network can't be decentralized, when BSC itself isn't decentralized.
