Well, it's been a loopy 10 years for Bitcoin. Truly 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 chose to vanish from the limelight.

So over a decade later Bitcoin is still alive and stronger than ever. Hundreds of other crypto coins have come along since all trying 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. Should you don't know why then let me explain.

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

Bitcoin Is An On-line Cryptocurrency

It Has a Maximum Supply of 21 Million

It Cannot Be Forged

Not All Cash Are in Circulation But

It Is Totally Decentralized Without Anybody Controlling It

It Can't Be Censored

It is 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 totally 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 folks started to see the benefits of Bitcoin and the way the value would enhance on account of it's fixed supply, it started to develop faster.

The Bitcoin blockchain is now spread throughout hundreds of 1000's of pc all around the world. It has spread past the control of any government. It's creator has vanished and now it runs autonomously.

Developers can upgrade and improve the Bitcoin network however this must be carried out my consensus throughout the entire Bitcoin network. No one single individual can management Bitcoin. This is what makes Bitcoin distinctive and unimaginable to replicate.

There are literally thousands of different cryptocurrencies available now however as an 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 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 is not a superb situation but it's purported to show you the way 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 grasp 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 happens 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 Right here NOW"

The US authorities "puts some pressure" on Vitalik and they make him roll back the blockchain and cancel Iran's transactions. (The Ethereum blockchain has actually been rolled back before when a hacker stole a significant quantity of funds).

Problem solved. Sadly Ethererum's credibility could be ruined alongside with it's price.

Ethereum is just an instance, however it's true for each 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 energyless to stop it.

There is no such thing as abody to call. There is no such thing as abody to place pressure on. The Bitcoin is beyond censorship.

Each 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.

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

Be taught Learn how to Use Bitcoin

Everyone should own some Bitcoin. It is not without it's harmful though. For those who're new to Bitcoin then it is best to learn as a lot much as you possibly can before you make investments any money. Owning Bitcoin comes with a number of responsabilty. Discover ways to use Bitcoin safely.

For people just coming into the world of cryptocurrencies there are lots of hidden dangers. Do not part with your hard earned cash till you know what you are doing!

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