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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 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 other crypto coins have come along since all attempting 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. When you do not know why then let me explain.

For those who don't know what Bitcoin is I'll just offer you just a few transient key factors:

Bitcoin Is An Online Cryptocurrency

It Has a Maximum Supply of 21 Million

It Cannot Be Forged

Not All Cash Are in Circulation Yet

It Is Fully Decentralized Without Anybody Controlling It

It Cannot Be Censored

It is Peer to Peer Money

Anyone Can Use It

Bitcoin Has a Fixed Supply Which Decreases Each 4 Years

What Makes Bitcoin Completely 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 amongst a small group of people. It grew organically. When individuals started to see the benefits of Bitcoin and how the price would enhance on account of it's fixed provide, it began to grow faster.

The Bitcoin blockchain is now spread across hundreds of thousands of laptop all around the world. It has spread past the management of any government. It's creator has vanished and now it runs autonomously.

Builders can upgrade and improve the Bitcoin network however this has to be carried out my consensus throughout the entire Bitcoin network. Nobody single individual can control Bitcoin. This is what makes Bitcoin distinctive and not possible to replicate.

There are thousands of different cryptocurrencies available now but for example of what makes Bitcoin totally different I will 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 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 just isn't a very good situation however it's speculated to show you the way 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 hang on a minute, we need to freeze these transactions and confiscate the money.. Easy. They do that straight away and the problem is over.

Second example. The same thing happens once more but this time Iran use the Ethereum blockchain to send the money to North Korea. The US government are see what's 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 really been rolled back earlier than when a hacker stole a significant quantity of funds).

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

Ethereum is just an example, but 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 powerless to stop it.

There isn't anybody to call. There isn't abody to place pressure on. The Bitcoin is past censorship.

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

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

Be taught Easy methods to Use Bitcoin

Everybody should own some Bitcoin. It is not without it's dangerous though. Should you're new to Bitcoin then it's best to learn as a lot a lot as you can earlier than you make investments any money. Owning Bitcoin comes with a lot of responsabilty. Learn how to use Bitcoin safely.

For folks just coming 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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