Well, it's been a crazy 10 years for Bitcoin. Truly 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 effect 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 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. In the event you don't know why then let me explain.

For those who do not know what Bitcoin is I will just give you just a few brief key points:

Bitcoin Is An Online Cryptocurrency

It Has a Maximum Supply of 21 Million

It Cannot Be Cast

Not All Coins Are in Circulation But

It Is Fully Decentralized Without Anybody Controlling It

It Can't Be Censored

It's Peer to Peer Money

Anyone Can Use It

Bitcoin Has a Fixed Supply Which Decreases Each four Years

What Makes Bitcoin Different?

So what makes Bitcoin different to all of the 1000's of other 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 the way the price would improve as a result of it's fixed provide, it began to develop faster.

The Bitcoin blockchain is now spread throughout hundreds of thousands of pc all around the world. It has spread beyond the management 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 carried out my consensus all through the entire Bitcoin network. Nobody single person can management Bitcoin. This is what makes Bitcoin unique and unattainable to replicate.

There are millions of different cryptocurrencies available now however for example of what makes Bitcoin completely different I am going to use Ethereum as example. It is 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 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 is not a great situation but it's purported to show you the way your cash is safer in Bitcoin!

Anyway.. first example. Iran is utilizing the standard banking system and transferring this cash to North Korea in USD. The US government say hang 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 identical thing happens once more but this time Iran use the Ethereum blockchain to ship the cash 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 "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. Sadly Ethererum's credibility can be ruined alongside with it's price.

Ethereum is just an instance, however it's true for each other cryptocurrency.

Bitcoin Can't Be Stopped

So the same 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 past censorship.

Each other cryptocurrency out there was created by somebody 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 beyond any of this and that is why it's the safest funding on the planet.

Study The way to Use Bitcoin

Everyone should own some Bitcoin. It is not without it's harmful though. If you're new to Bitcoin then you should learn as much a lot as you'll be able to earlier than you invest any money. Owning Bitcoin comes with a whole lot of responsabilty. Learn how to use Bitcoin safely.

For individuals just entering the world of cryptocurrencies there are lots of hidden dangers. Don't part with your hard earned money until you know what you're doing!

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