Bitcoin is the top crypto asset in the cryptocurrency market but most crypto enthusiasts would argue that it does not deserve the spot and Satoshi might agree. - bitcoin bitcoinspotlight
Bitcoin would go down as one of the greatest inventions of the 21st century. The cryptocurrency's underlying blockchain technology introduced us to several other possibilities, making crypto only a glimpse of what the system will power. Bitcoin has grown over the years, almost becoming a mainstream financial solution as it is the most dominant asset in the market, with over $3 trillion valuation at its peak.
The pitfall for bitcoin in this scenario is that the blockchain ecosystem is a fast landscape with slow participants. It is fast-evolving, and there's a hasty hunger for the next progressive and interesting thing to come out of the landscape. Bitcoin is already behind in terms of cutting-edge solutions like smart contracts and is also not a top choice in terms of scalability.
Considering how fast and frequent first innovations will have to upgrade and catch up with the market it created, bitcoin stood almost no chance of being a much more decentralized protocol. Bitcoin has had some upgrades recently, but they were a very slow grinding situation and would slow the pace of really significant moves. Of course, bitcoin is a creation anyone would be proud of. However, one can't help but imagine what Satoshi Nakamoto thinks of it at the moment.
ZK-STARKs and ZK-SNARKs are two of the most promising zero-knowledge technologies today. ZK-STARK means zero-knowledge scalable transparent argument of knowledge, while ZK-SNARK stands for zero-knowledge succinct non-interactive argument of knowledge. At the time of Satoshi's post, the existing implementations of ZK-SNARKs had scalability limitations, but they were still much better than what Bitcoin offered. However, using modern elliptic-curve cryptographic techniques and methods for exploiting the proof systems' field structure and non-determinism, the verification algorithm of ZK-SNARKs has gotten so much better. Even better implementations of ZK-SNARKs offer future-proof resistance to quantum attacks.
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