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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 have been, they've had a profound effect on the world. They little question 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 continue to fail. Bitcoin is one a kind. Something that may't be replicated. In the event you don't know why then let me explain.

If you happen to do not know what Bitcoin is I am going to just provide you with a few brief key points:

Bitcoin Is An On-line Cryptocurrency
It Has a Maximum Supply of 21 Million
It Can't Be Cast
Not All Cash Are in Circulation Yet
It Is Fully Decentralized Without Anybody Controlling It
It Cannot Be Censored
It's Peer to Peer Cash
Anybody Can Use It
Bitcoin Has a Fixed Supply Which Decreases Every four Years
What Makes Bitcoin Totally different?
So what makes Bitcoin totally different to all the hundreds of other coins which have been invented since?

When Bitcoin was first invented it started to spread slowly amongst a small group of people. It grew organically. When people started to see the benefits of Bitcoin and how the value would enhance resulting from it's fixed provide, it began to develop faster.

The Bitcoin blockchain is now spread throughout hundreds of hundreds of laptop everywhere in the world. It has spread past the management of any government. It's creator has vanished and now it runs autonomously.

Developers can upgrade and improve the Bitcoin network but this must be done my consensus all through the whole Bitcoin network. No one single individual can management Bitcoin. This is what makes Bitcoin unique and not possible to replicate.

There are millions of other cryptocurrencies available now however as an example of what makes Bitcoin totally 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 occurs on Ethereum.

Censorship And Authorities 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 isn't a good situation but it's imagined to show you ways your money is safer in Bitcoin!

Anyway.. first example. Iran is utilizing the standard banking system and transferring this money to North Korea in USD. The US authorities say dangle 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 same thing happens again however this time Iran use the Ethereum blockchain to send 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 "places some pressure" on Vitalik and so 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 amount of funds).

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

Ethereum is just an instance, but it's true for every other cryptocurrency.

Bitcoin Can't Be Stopped

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

There isn't anybody to call. There is no such thing as abody to put pressure on. The Bitcoin is beyond censorship.

Each different cryptocurrency out there was created by somebody or some firm and that will always be the purpose of failure. They are still centralized.

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

Be taught Find out how to Use Bitcoin

Everybody should own some Bitcoin. It isn't without it's harmful though. Should you're new to Bitcoin then you must be taught as much a lot as you may earlier than you make investments any money. Owning Bitcoin comes with plenty of responsabilty. Learn how to use Bitcoin safely.

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

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За нас

„Коле-Транс Инжинеринг” Доо Штип , е основана и егзистира од 01.02.1992 год., односно 25 години градиме успешна историја која трпеливо и моќно низ годините ја испишуваме.

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ул. Белградска бр. 9
2000 Штип, Македонија

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