Write About Everything

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 were, they’ve had a profound effect on the world. They no doubt predicted that which is why they selected to disappear from the limelight.

So over a decade later Bitcoin is still alive and stronger than ever. 1000’s of different crypto coins have come alongside since all attempting to imitate the king of Crypto. All have failed and will proceed to fail. Bitcoin is one a kind. Something that can’t be replicated. If you don’t know why then let me explain.

Should you don’t know what Bitcoin is I’ll just provide you with a few brief key points:

Bitcoin Is An Online Cryptocurrency

It Has a Maximum Supply of 21 Million

It Cannot Be Solid

Not All Cash Are in Circulation But

It Is Fully Decentralized Without Anybody Controlling It

It Can’t Be Censored

It is Peer to Peer Money

Anybody Can Use It

Bitcoin Has a Fixed Supply Which Decreases Each 4 Years

What Makes Bitcoin Different?

So what makes Bitcoin different to all of 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 price would enhance as a consequence of it’s fixed supply, it began to grow faster.

The Bitcoin blockchain is now spread throughout hundreds of 1000’s of laptop all around the world. It has spread beyond the control 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 completed my consensus throughout the whole Bitcoin network. Nobody single person can control Bitcoin. This is what makes Bitcoin distinctive and unattainable to replicate.

There are millions of other cryptocurrencies available now however as an example of what makes Bitcoin completely different I will use Ethereum as example. It’s 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 ultimate 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 is just not a great situation however it’s imagined to show you the way your cash 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 government 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 however this time Iran use the Ethereum blockchain to send the money to North Korea. The US authorities are see what’s happening. A phone call is made.

“Get Vitalik Buterin in Here NOW”

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

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

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

Bitcoin Can’t Be Stopped

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

There is nobody to call. There is no such thing as abody to place pressure on. The Bitcoin is beyond censorship.

Every different cryptocurrency out there has been created by someone or some company and that will always be the point of failure. They are still centralized.

Another instance can be if Vitalik’s household have been taken hostage.. Bitcoin is beyond any of this and that is why it’s the safest investment on the planet.

Study How you can Use Bitcoin

Everybody should own some Bitcoin. It’s not without it’s harmful though. If you’re new to Bitcoin then you need to be taught as much a lot as you may before you invest any money. Owning Bitcoin comes with a variety of responsabilty. Discover ways to use Bitcoin safely.

If you loved this information and you would like to obtain even more information regarding bitcoin champion review kindly go to our web-page.