Bitcoin is the original cryptocurrency. Not only is it the very first cryptocurrency, it’s also the first currency in history to have a zero percent inflation rate. But that’s not all. Bitcoin also created the first consensus mechanism. When founder Satoshi Nakamotto developed it in 2008, it started the cryptocurrency revolution. You may be asking what is a consensus mechanism? Good question. It’s essentially a framework that keeps transactions secure. There eight different types of consensus mechanisms available today.We’re going to talk about the first two: proof of work and proof of stake since these are the two most widely used consensus mechanisms. ***You can check out Ladies Love Politics website to read a transcript/references of this episode at www.ladieslovepolitics.com.Be sure to follow the Ladies Love Politics channel on TikTok, Instagram, YouTube, Truth Social, Brighteon Social, Threads, and Twitter.Background Music Credit:Music: Hang for Days - Silent Partner https://youtu.be/A41A0XeU2dsLadies Love Politics will be attending @bitcoin.conference. Join me online as I cover the event… or grab a ticket and see for yourself the wonderful world of Bitcoin.Tickets: https://us.b.tc/Ladies Love Politics is a proud media partner of Bitcoin 2024.

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