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 have been, they’ve had a prodiscovered impact on the world. They little question predicted that which is why they chose to vanish from the limelight.

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

When you don’t know what Bitcoin is I am going to just give you a few temporary key points:

Bitcoin Is An Online Cryptocurrency

It Has a Maximum Supply of 21 Million

It Cannot Be Forged

Not All Coins Are in Circulation But

It Is Absolutely Decentralized Without Anybody Controlling It

It Cannot Be Censored

It’s Peer to Peer Cash

Anybody Can Use It

Bitcoin Has a Fixed Supply Which Decreases Every 4 Years

What Makes Bitcoin Completely different?

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

When Bitcoin was first invented it started to spread slowly among a small group of people. It grew organically. When individuals started to see the benefits of Bitcoin and the way the price would increase on account of it’s fixed supply, it began to grow faster.

The Bitcoin blockchain is now spread throughout hundreds of hundreds of pc everywhere in the world. It has spread past the management of any government. It’s creator has vanished and now it runs autonomously.

Builders can upgrade and improve the Bitcoin network but this must be performed my consensus throughout the whole Bitcoin network. No one single person can control Bitcoin. This is what makes Bitcoin distinctive and inconceivable to replicate.

There are literally thousands of other cryptocurrencies available now but for example of what makes Bitcoin totally different I am going to use Ethereum as example. It’s a one of many biggest Alt coins proper now and has been since it was invented in 2015 by Vitalik Buterin.

Vitalik controls the Ethereum blockchain and basically has the final say on any development that happens on Ethereum.

Censorship And Government Interference

For this example let’s imagine that Iran is sending billions of dollars to North Korea to fund their new nuclear weapons program. This isn’t a superb situation however it’s supposed to show you the way your cash is safer in Bitcoin!

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

Second example. The same thing happens again however this time Iran use the Ethereum blockchain to send the cash to North Korea. The US government are see what is happening. A phone call is made.

«Get Vitalik Buterin in Right here NOW»

The US government «places some pressure» on Vitalik and they make him roll back the blockchain and cancel Iran’s transactions. (The Ethereum blockchain has really been rolled back earlier than when a hacker stole a significant amount of funds).

Problem solved. Unfortunately Ethererum’s credibility can be ruined alongside with it’s price.

Ethereum is just an instance, but it’s true for every other cryptocurrency.

Bitcoin Cannot Be Stopped

So the same thing happens again. This time Iran use Bitcoin as their payment method. The US Authorities see this and are energyless to stop it.

There isn’t anybody to call. There isn’t abody to place pressure on. The Bitcoin is past censorship.

Every other cryptocurrency out there was created by someone or some firm and that will always be the point of failure. They are still centralized.

One other example would be if Vitalik’s household had been taken hostage.. Bitcoin is beyond any of this and that’s the reason it’s the safest investment on the planet.

Study Tips on how to Use Bitcoin

Everyone ought to own some Bitcoin. It is not without it’s harmful though. In the event you’re new to Bitcoin then you should learn as a lot a lot as you can earlier than you invest any money. Owning Bitcoin comes with a whole lot of responsabilty. Learn to use Bitcoin safely.

For folks just coming into the world of cryptocurrencies there are many hidden dangers. Do not part with your hard earned cash until you know what you are doing!

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