Why There Will Never Be One other Bitcoin

 In Business

Well, it’s been a loopy 10 years for Bitcoin. Actually it’s over 10 years since Bitcoin was first created by Satoshi Nakamoto. Whoever, he, she or they had been, they’ve had a profound impact on the world. They little question predicted that which is why they selected to vanish from the limelight.

So over a decade later Bitcoin is still alive and stronger than ever. Thousands of different crypto coins have come alongside since all trying to imitate the king of Crypto. All have failed and will continue to fail. Bitcoin is one a kind. Something that may’t be replicated. If you happen to do not know why then let me explain.

If you don’t know what Bitcoin is I will just offer you a few brief key factors:

Bitcoin Is An Online Cryptocurrency

It Has a Maximum Supply of 21 Million

It Cannot Be Solid

Not All Cash Are in Circulation Yet

It Is Totally Decentralized Without Anybody Controlling It

It Cannot Be Censored

It is Peer to Peer Money

Anyone Can Use It

Bitcoin Has a Fixed Supply Which Decreases Every 4 Years

What Makes Bitcoin Completely different?

So what makes Bitcoin completely different to all the 1000’s of different coins which have been invented since?

When Bitcoin was first invented it started to spread slowly amongst a small group of people. It grew organically. When folks started to see the benefits of Bitcoin and the way the price would improve as a result of it’s fixed provide, it began to grow faster.

The Bitcoin blockchain is now spread across hundreds of 1000’s of pc all over the world. It has spread beyond the control of any government. It is creator has vanished and now it runs autonomously.

Developers can upgrade and improve the Bitcoin network but this has to be achieved my consensus all through the entire Bitcoin network. Nobody single person can control Bitcoin. This is what makes Bitcoin unique and unattainable to replicate.

There are thousands of different cryptocurrencies available now however for example of what makes Bitcoin different I’ll use Ethereum as example. It is a one of the biggest Alt coins right now and has been since it was invented in 2015 by Vitalik Buterin.

Vitalik controls the Ethereum blockchain and basically has the ultimate say on any development that occurs on Ethereum.

Censorship And Government Interference

For this instance let’s imagine that Iran is sending billions of dollars to North Korea to fund their new nuclear weapons program. This will not be a very good situation but it’s supposed to show you ways your cash is safer in Bitcoin!

Anyway.. first example. Iran is using the standard banking system and transferring this money to North Korea in USD. The US government say dangle on a minute, we need to freeze these transactions and confiscate the money.. Easy. They do this straight away and the problem is over.

If you loved this write-up and you would such as to obtain additional information pertaining to Bitcoin atm near me kindly browse through our site.

Recent Posts
Contact Us

We're planting and cultivating plants and ideas right now! Send us an email and we'll get back to you as soon as we're back to our desks.

Not readable? Change text. captcha txt
0