Bitcoin or BTC is the most known iteration of blockchain technology, as well as being the oldest running immutable ledger. With nearly 10 years of data at its foundation, Bitcoin retains its status as the most well known, as well as most valued Digital Asset. Pac Global is not built to compete with Bitcoin. BTC is quite simply, a store of value, and due to its length of record, may likely maintain its strong position, while Pac Global is a store of value but also a true P2P payment settlement network and data transmission Blockchain that can serve industry and enterprise needs amongst a wide array of sectors such as fintech, web, digital marketing, social media, gaming, content creation, IP, medical and much more.
The specs below make a clear case as to why Pac Global has been built, tuned, and is constantly updated for true P2P and business level transactional capacity for both today and tomorrow, as well as being much more ecologically friendly and sustainable over time. The Pac Global network runs on a pure proof-of-stake technology stack, whereas Bitcoin and similar “first-gen” networks run on proof-of-work, or in other words, dedicated and power-hungry computers constantly attempting to solve complex computer “puzzles”.
According to some studies,
Bitcoin’s Proof of Work system will be using up as much energy as all of Denmark by 2020.
By moving completely away from “mining” and the reliance on giant mining rigs operated by centralized companies at an industrial scale,
PAC Global’s pure proof-of-stake network allows for drastically reduced expending of energy and strain on the environment
, so much so, that the popular Smart Contract focused network called Ethereum (ETH), has a planned upgrade of the technology to proof-of-stake.