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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 had been, they've had a profound effect on the world. They little doubt predicted that which is why they selected to disappear from the limelight.

So over a decade later Bitcoin is still alive and stronger than ever. Thousands of other 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 may't be replicated. If you do not know why then let me explain.

Should you do not know what Bitcoin is I'll just give you just a few transient key points:

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 Absolutely Decentralized Without Anybody Controlling It

It Can't Be Censored

It's Peer to Peer Cash

Anybody Can Use It

Bitcoin Has a Fixed Supply Which Decreases Each 4 Years

What Makes Bitcoin Completely different?

So what makes Bitcoin different to all of the hundreds of different 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 folks started to see the benefits of Bitcoin and how the value would improve as a result of it's fixed supply, it started to develop faster.

The Bitcoin blockchain is now spread across hundreds of hundreds of pc all around the world. It has spread beyond the management of any government. It is creator has vanished and now it runs autonomously.

Developers can upgrade and improve the Bitcoin network however this has to be finished my consensus throughout the whole Bitcoin network. Nobody single particular person can management Bitcoin. This is what makes Bitcoin unique and unimaginable to replicate.

There are literally thousands of different cryptocurrencies available now however for example of what makes Bitcoin totally 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 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 just isn't a superb situation but it's imagined to show you ways 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 cling on a minute, we need to freeze these transactions and confiscate the money.. Easy. They do this straight away and the problem is over.

Second example. The identical thing occurs again but 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 authorities "places some pressure" on Vitalik and they 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 amount of funds).

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

Ethereum is just an instance, but it's true for each other 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 powerless to stop it.

There is nobody to call. There isn't abody to put pressure on. The Bitcoin is past censorship.

Each different cryptocurrency out there was created by someone or some firm and that will always be the point of failure. They're still centralized.

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

Study How one can Use Bitcoin

Everybody ought to own some Bitcoin. It isn't without it's harmful though. If you're new to Bitcoin then you should learn as a lot much as you possibly can before you make investments any money. Owning Bitcoin comes with lots 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 cash till you know what you are doing!

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