Why There Will Never Be Another Bitcoin
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 had been, they've had a prodiscovered 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. 1000's of other 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 can't be replicated. If you don't know why then let me explain.
In case you do not know what Bitcoin is I am going to just give you just a few transient key points:
Bitcoin Is An Online Cryptocurrency
It Has a Maximum Supply of 21 Million
It Can't Be Forged
Not All Cash Are in Circulation But
It Is Totally Decentralized Without Anybody Controlling It
It Cannot Be Censored
It's Peer to Peer Cash
Anyone Can Use It
Bitcoin Has a Fixed Supply Which Decreases Every four Years
What Makes Bitcoin Different?
So what makes Bitcoin completely different to all of the hundreds of different coins which have been invented since?
When Bitcoin was first invented it began to spread slowly amongst a small group of people. It grew organically. When individuals started to see the benefits of Bitcoin and how the value would increase due to it's fixed provide, it began to develop faster.
The Bitcoin blockchain is now spread across hundreds of thousands of pc 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 accomplished my consensus throughout the entire Bitcoin network. Nobody single person can management Bitcoin. This is what makes Bitcoin unique and impossible to replicate.
There are millions 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 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 great situation however it's supposed to show you ways your cash is safer in Bitcoin!
Anyway.. first example. Iran is using the usual banking system and transferring this cash to North Korea in USD. The US authorities say cling on a minute, we need to freeze these transactions and confiscate the money.. Easy. They do this straight away and the problem is over.
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So over a decade later Bitcoin is still alive and stronger than ever. 1000's of other 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 can't be replicated. If you don't know why then let me explain.
In case you do not know what Bitcoin is I am going to just give you just a few transient key points:
Bitcoin Is An Online Cryptocurrency
It Has a Maximum Supply of 21 Million
It Can't Be Forged
Not All Cash Are in Circulation But
It Is Totally Decentralized Without Anybody Controlling It
It Cannot Be Censored
It's Peer to Peer Cash
Anyone Can Use It
Bitcoin Has a Fixed Supply Which Decreases Every four Years
What Makes Bitcoin Different?
So what makes Bitcoin completely different to all of the hundreds of different coins which have been invented since?
When Bitcoin was first invented it began to spread slowly amongst a small group of people. It grew organically. When individuals started to see the benefits of Bitcoin and how the value would increase due to it's fixed provide, it began to develop faster.
The Bitcoin blockchain is now spread across hundreds of thousands of pc 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 accomplished my consensus throughout the entire Bitcoin network. Nobody single person can management Bitcoin. This is what makes Bitcoin unique and impossible to replicate.
There are millions 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 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 great situation however it's supposed to show you ways your cash is safer in Bitcoin!
Anyway.. first example. Iran is using the usual banking system and transferring this cash to North Korea in USD. The US authorities say cling 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 liked this information and you would certainly like to obtain more details concerning Citrus heights california bitcoin atm kindly go to the web-site.