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Well, it’s been a crazy 10 years for Bitcoin. Truly 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 effect on the world. They little question predicted that which is why they chose to disappear 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 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. Should you don’t know why then let me explain.

In the event you don’t know what Bitcoin is I am going to just provide you with a couple of transient key points:

Bitcoin Is An On-line Cryptocurrency

It Has a Most Supply of 21 Million

It Can’t Be Cast

Not All Cash Are in Circulation Yet

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 four Years

What Makes Bitcoin Completely different?

So what makes Bitcoin totally different to all the hundreds 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 the way the value would improve due to it’s fixed supply, it began to grow faster.

The Bitcoin blockchain is now spread across hundreds of 1000’s of computer all around the world. It has spread beyond the management 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 throughout the entire Bitcoin network. No one single individual can control Bitcoin. This is what makes Bitcoin distinctive and impossible to replicate.

There are thousands of other cryptocurrencies available now but as an 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 superb situation however it’s purported to show you how your money is safer in Bitcoin!

Anyway.. first example. Iran is utilizing the standard banking system and transferring this cash to North Korea in USD. The US government say cling 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 cash to North Korea. The US authorities are see what’s happening. A phone call is made.

“Get Vitalik Buterin in Right here NOW”

The US authorities “places some pressure” on Vitalik and so they make him roll back the blockchain and cancel Iran’s transactions. (The Ethereum blockchain has truly been rolled back earlier than when a hacker stole a significant quantity of funds).

Problem solved. Sadly Ethererum’s credibility could be ruined along with it’s price.

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

Bitcoin Cannot Be Stopped

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

There isn’t abody to call. There is no such thing as abody to put 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 purpose of failure. They’re still centralized.

One other example can be if Vitalik’s household were taken hostage.. Bitcoin is beyond any of this and that’s the reason it’s the safest funding on the planet.

Be taught Tips on how to Use Bitcoin

Everyone ought to own some Bitcoin. It’s not without it’s harmful though. If you happen to’re new to Bitcoin then you should learn as much much as you’ll be able to before you invest any money. Owning Bitcoin comes with plenty of responsabilty. Learn how to use Bitcoin safely.

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