Well, it's been a crazy 10 years for Bitcoin. Actually it's over 10 years since Bitcoin was first created by Satoshi Nakamoto. Whoever, he, she or they had been, they've had a profound effect on the world. They little 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. 1000's of different crypto coins have come alongside since all attempting to imitate the king of Crypto. All have failed and will continue to fail. Bitcoin is one a kind. Something that can'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 am going to just give you just a few transient key factors:

Bitcoin Is An Online Cryptocurrency
It Has a Most Supply of 21 Million
It Can't Be Cast
Not All Coins Are in Circulation But
It Is Fully 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 Each four Years
What Makes Bitcoin Different?
So what makes Bitcoin totally 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 folks started to see the benefits of Bitcoin and the way the price would improve as a consequence of it's fixed provide, it began to develop faster.

The Bitcoin blockchain is now spread throughout hundreds of 1000's of laptop everywhere in the world. It has spread past the control 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 accomplished my consensus all through the whole Bitcoin network. Nobody single individual can control Bitcoin. This is what makes Bitcoin distinctive and inconceivable to replicate.

There are literally thousands of other cryptocurrencies available now but for instance of what makes Bitcoin different I'll use Ethereum as example. It is 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 final say on any development that happens 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 is not a very good situation but it's speculated to show you the way your cash is safer in Bitcoin!

Anyway.. first example. Iran is using the standard banking system and transferring this money to North Korea in USD. The US authorities say dangle 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 occurs again but 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 "places some pressure" on Vitalik and they 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. Sadly Ethererum's credibility can be ruined along with it's price.

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

Bitcoin Can't Be Stopped

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

There isn't abody 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 someone or some firm and that will always be the purpose of failure. They're still centralized.

One other example could be if Vitalik's family were taken hostage.. Bitcoin is beyond any of this and that is why it's the safest investment on the planet.

Be taught The best way to Use Bitcoin

Everyone should own some Bitcoin. It's not without it's dangerous though. If you happen to're new to Bitcoin then it's best to study as much a lot as you can earlier than you invest any money. Owning Bitcoin comes with a whole lot of responsabilty. Learn to use Bitcoin safely.

For individuals just getting into the world of cryptocurrencies there are lots of hidden dangers. Don't part with your hard earned cash till you know what you're doing!

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