Well, it’s been a crazy 10 years for Bitcoin. Really it’s over 10 years since Bitcoin was first created by Satoshi Nakamoto. Whoever, he, she or they have been, they’ve had a profound impact on the world. They little doubt 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 other crypto coins have come alongside since all making an attempt 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 do not know why then let me explain.
When you don’t know what Bitcoin is I am going to just provide you with just a few transient key factors:
Bitcoin Is An Online Cryptocurrency
It Has a Maximum Supply of 21 Million
It Cannot Be Solid
Not All Coins Are in Circulation But
It Is Totally Decentralized Without Anybody Controlling It
It Cannot Be Censored
It is Peer to Peer Money
Anybody Can Use It
Bitcoin Has a Fixed Supply Which Decreases Every four Years
What Makes Bitcoin Completely different?
So what makes Bitcoin totally different to all of the thousands of other 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 people started to see the benefits of Bitcoin and how the value would increase as a result of it’s fixed supply, it started to grow faster.
The Bitcoin blockchain is now spread across hundreds of 1000’s of laptop all around the world. It has spread past the control of any government. It’s creator has vanished and now it runs autonomously.
Developers can upgrade and improve the Bitcoin network however this needs to be performed my consensus all through the entire Bitcoin network. No one single person can management Bitcoin. This is what makes Bitcoin unique and unattainable to replicate.
There are thousands of different cryptocurrencies available now but for instance of what makes Bitcoin completely different I’ll use Ethereum as example. It is a one of the 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 Authorities 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 is not a great situation however it’s alleged to show you the way your money is safer in Bitcoin!
Anyway.. first example. Iran is utilizing the standard banking system and transferring this money to North Korea in USD. The US authorities say dangle on a minute, we need to freeze these transactions and confiscate the money.. Easy. They try this straight away and the problem is over.
Second example. The same thing occurs again but this time Iran use the Ethereum blockchain to ship the money 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 “puts some pressure” on Vitalik and they make him roll back the blockchain and cancel Iran’s transactions. (The Ethereum blockchain has actually been rolled back earlier than when a hacker stole a significant quantity of funds).
Problem solved. Sadly Ethererum’s credibility could be ruined alongside with it’s price.
Ethereum is just an example, but it’s true for each different cryptocurrency.
Bitcoin Cannot Be Stopped
So the same thing happens again. This time Iran use Bitcoin as their payment method. The US Government see this and are powerless to stop it.
There isn’t anybody to call. There isn’t abody to put pressure on. The Bitcoin is beyond censorship.
Each other cryptocurrency out there was created by someone or some company and that will always be the point of failure. They’re still centralized.
One other example could be if Vitalik’s family have been taken hostage.. Bitcoin is beyond any of this and that’s the reason it’s the safest investment on the planet.
Learn Methods to Use Bitcoin
Everyone should own some Bitcoin. It’s not without it’s harmful though. Should you’re new to Bitcoin then you need to study as a lot a lot as you’ll be able to earlier than you make investments any money. Owning Bitcoin comes with numerous responsabilty. Learn how to use Bitcoin safely.
For individuals just entering the world of cryptocurrencies there are many hidden dangers. Do not part with your hard earned money till you know what you are doing!
If you have any sort of questions regarding where and ways to use pregled ai bot iplex, you could call us at our web page.