Well, it's been a loopy 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 prodiscovered effect 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. Hundreds of different 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. Should you do not know why then let me explain.

Should you do not know what Bitcoin is I am going to just offer you a number of temporary key factors:

Bitcoin Is An Online Cryptocurrency

It Has a Most Supply of 21 Million

It Can't Be Cast

Not All Cash Are in Circulation But

It Is Totally Decentralized Without Anybody Controlling It

It Cannot Be Censored

It is Peer to Peer Cash

Anybody Can Use It

Bitcoin Has a Fixed Supply Which Decreases Each 4 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 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 worth would enhance due to it's fixed supply, it started to grow faster.

The Bitcoin blockchain is now spread throughout hundreds of hundreds of pc everywhere in 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 however this needs to be completed my consensus throughout the entire Bitcoin network. No one single person can control Bitcoin. This is what makes Bitcoin distinctive and inconceivable to replicate.

There are thousands of other cryptocurrencies available now but for instance of what makes Bitcoin completely different I'll use Ethereum as example. It's 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 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 just isn't a great situation but it's presupposed to show you ways your money is safer in Bitcoin!

Anyway.. first example. Iran is using the usual banking system and transferring this money 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.

Second example. The same thing happens again but 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 Here NOW"

The US government "places some pressure" on Vitalik they usually 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. 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 Cannot Be Stopped

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

There isn't anybody to call. There isn't anybody to put pressure on. The Bitcoin is past 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.

Another instance could be if Vitalik's household had been taken hostage.. Bitcoin is past any of this and that's the reason it's the safest investment on the planet.

Study How to Use Bitcoin

Everyone ought to own some Bitcoin. It isn't without it's harmful though. For those who're new to Bitcoin then it's best to study as a lot much as you possibly can earlier than you make investments any money. Owning Bitcoin comes with a number of responsabilty. Learn to use Bitcoin safely.

For folks just getting 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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