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Well, it's been a loopy 10 years for Bitcoin. Really 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 impact 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. Thousands of different 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 don't know why then let me explain.

For those who do not know what Bitcoin is I will just offer you just a few transient key factors:

Bitcoin Is An Online Cryptocurrency

It Has a Most Supply of 21 Million

It Can't Be Solid

Not All Cash Are in Circulation Yet

It Is Absolutely Decentralized Without Anybody Controlling It

It Cannot 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 Completely different?

So what makes Bitcoin different to all the thousands of different coins which have been invented since?

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

The Bitcoin blockchain is now spread throughout hundreds of 1000's of laptop everywhere in the world. It has spread beyond 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 executed my consensus throughout the entire Bitcoin network. No one single individual can control Bitcoin. This is what makes Bitcoin unique and unimaginable to replicate.

There are thousands of different cryptocurrencies available now however for example of what makes Bitcoin different I am going to 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 happens on Ethereum.

Censorship And Authorities 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 is just not a good situation but it's purported 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 hang on a minute, we have 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 authorities are see what's happening. A phone call is made.

"Get Vitalik Buterin in Right 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 before when a hacker stole a significant amount of funds).

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

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

Bitcoin Cannot 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 is no such thing as abody to call. There is nobody to put pressure on. The Bitcoin is past censorship.

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

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

Be taught The best way to Use Bitcoin

Everyone ought to own some Bitcoin. It's not without it's dangerous though. If you're new to Bitcoin then you must study as much a lot as you may earlier than you make investments 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 many hidden dangers. Do not part with your hard earned money till you know what you're doing!

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