The article discusses the evolution of Bitcoin over the last decade, emphasizing the shift in mining and network security. Initially reliant on hobbyist resources, Bitcoin's security has become fortified with specialized ASIC hardware and robust data center operations, requiring extensive energy supplies. Additionally, protocol development has significantly enhanced, allowing for advanced features such as P2SH, timelocked UTXOs, and improved transaction structures. This evolution highlights the broader professionalization of cryptocurrency infrastructure and sets the stage for future developments in the coming decade.
In just a decade, Bitcoin's security transitioned from hobbyist CPUs to advanced ASIC equipment, illustrating the immense monetary and energy investments in the network.
The evolution of Bitcoin protocols from 2010 to 2020 showcases significant advancements, including improved scripts and transaction flexibility that empower both developers and users.
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