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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 have been, they've had a profound impact on the world. They no doubt predicted that which is why they selected to vanish from the limelight.

So over a decade later Bitcoin is still alive and stronger than ever. 1000's 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 can't be replicated. When you don't know why then let me explain.

For those who don't know what Bitcoin is I'll just provide you with a few transient key points:

Bitcoin Is An Online Cryptocurrency

It Has a Maximum Supply of 21 Million

It Can't Be Forged

Not All Coins 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 Different?

So what makes Bitcoin completely different to all the thousands 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 people started to see the benefits of Bitcoin and the way the value would enhance attributable to it's fixed provide, it began to develop faster.

The Bitcoin blockchain is now spread throughout hundreds of thousands of computer all over 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 but this has to be completed my consensus all through the entire Bitcoin network. No one single individual can management Bitcoin. This is what makes Bitcoin distinctive and inconceivable to replicate.

There are thousands of different cryptocurrencies available now but for example of what makes Bitcoin different I will use Ethereum as example. It's 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 Government 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 an excellent situation however it's supposed to show you the way your money is safer in Bitcoin!

Anyway.. first example. Iran is using the standard banking system and transferring this cash to North Korea in USD. The US authorities say cling 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 identical thing happens again however 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 Here NOW"

The US government "puts 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 earlier than when a hacker stole a significant quantity of funds).

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

Ethereum is just an example, however 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 Authorities see this and are energyless to stop it.

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

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

Another example would be if Vitalik's household have been taken hostage.. Bitcoin is past any of this and that is why it's the safest funding on the planet.

Study How to Use Bitcoin

Everyone should own some Bitcoin. It is not without it's harmful though. In case you're new to Bitcoin then you should learn as a lot a lot as you can earlier than you invest any money. Owning Bitcoin comes with a variety of responsabilty. Discover ways to use Bitcoin safely.

For people just getting into the world of cryptocurrencies there are lots of hidden dangers. Do not part with your hard earned cash until you know what you're doing!

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