Limitations of Mining Bitcoin

Since its introduction in 2009 by Satoshi Nakamoto, Bitcoin has realized widespread adoption with substantial value growth. Bitcoin is currently the most prominent cryptocurrency in market capitalization with over 100 billion dollars. Its’ value has soared enormously since the launch despite several bearish runs that saw it lose value. Bitcoin relies on a highly replicated public ledger as a decentralized currency, secured utilizing a hash and validated via community consensus. On the Bitcoin network, a transaction is considered valid and…