Well, it's been a loopy 10 years for Bitcoin. Actually it's over 10 years since Bitcoin was first created by Satoshi Nakamoto. Whoever, he, she or they were, they've had a profound impact on the world. They no doubt 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 along since all making an attempt to imitate the king of Crypto. All have failed and will proceed to fail. Bitcoin is one a kind. Something that may't be replicated. For those who don't know why then let me explain.

If you happen to don't know what Bitcoin is I'll just provide you with a few temporary key points:

Bitcoin Is An On-line Cryptocurrency

It Has a Maximum Supply of 21 Million

It Cannot Be Cast

Not All Cash Are in Circulation Yet

It Is Absolutely Decentralized Without Anybody Controlling It

It Can't Be Censored

It's Peer to Peer Cash

Anybody Can Use It

Bitcoin Has a Fixed Supply Which Decreases Each 4 Years

What Makes Bitcoin Completely different?

So what makes Bitcoin different to all of the 1000's 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 people started to see the benefits of Bitcoin and how the price would enhance as a result of it's fixed supply, it began to grow faster.

The Bitcoin blockchain is now spread across hundreds of hundreds of computer all around the world. It has spread beyond the management of any government. It is creator has vanished and now it runs autonomously.

Builders can upgrade and improve the Bitcoin network however this must be performed my consensus all through the whole Bitcoin network. Nobody single person can management Bitcoin. This is what makes Bitcoin unique and inconceivable to replicate.

There are literally thousands of different cryptocurrencies available now however for instance of what makes Bitcoin different I'll use Ethereum as example. It is 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 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 very good situation however it's alleged to show you ways your cash is safer in Bitcoin!

Anyway.. first example. Iran is using the standard banking system and transferring this cash to North Korea in USD. The US government say hang on a minute, we have to freeze these transactions and confiscate the money.. Easy. They try this straight away and the problem is over.

Second example. The identical thing occurs once more 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 they usually make him roll back the blockchain and cancel Iran's transactions. (The Ethereum blockchain has truly been rolled back before when a hacker stole a significant amount of funds).

Problem solved. Unfortunately Ethererum's credibility can be ruined along with it's price.

Ethereum is just an example, 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 Authorities see this and are powerless to stop it.

There isn't anybody to call. There is nobody to put pressure on. The Bitcoin is past censorship.

Each other cryptocurrency out there has been created by someone or some company and that will always be the purpose of failure. They're still centralized.

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

Study How you can Use Bitcoin

Everyone ought to own some Bitcoin. It's not without it's dangerous though. In case you're new to Bitcoin then you need to study as a lot much as you can earlier than you invest any money. Owning Bitcoin comes with numerous responsabilty. Discover ways to use Bitcoin safely.

For folks just entering the world of cryptocurrencies there are many hidden dangers. Don't part with your hard earned cash till you know what you are doing!

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