I think that bitcoin has been cloned and forked so many times, that at this time it would be difficult to find any feature that makes it markedly different from other cryptocurrencies. In fact, I dare to think that the only reason why it is still the preferred cryptocurrency of many investors is because of the great advantage of having been the first of all, which has necessarily placed it as the most popular and recognized of all, besides bitcoin is the referential crypto to determine the value of all the other cryptos.
However, I am not sure that these advantages are enough to guarantee similar long-term success. No doubt it will remain popular for long, but I am not sure that its technology is flexible enough to adapt to the growing needs of an increasingly demanding market.
Topic: Why Bitcoin is Different From Other Currencies? - page 2. (Read 4610 times)
Bitcoin is the currency of the Internet; a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever, there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.
Bitcoin is a digital currency created in 2009 and can not be forged or duplicated. This currency can not be printed like any other currency. For this reason so different from the currency in general.
The main difference from the bitcoin is that it is anonymous and you can send and receive money without providing your personal information unlike the funds we send via banks.
Because bitcoin networks are decentralized, bitcoin networks are not controlled by certain projects devs. I am agree of what you state above. It's difference between other existing currency is bitcoin is cryptocurrency and it will only earn when you have an internet. It is also digital money, you can not touch it or smell it like other coins in many countries. Bitcoin is also not controlled by the government and it can not dictated when will its price become high or dropping down. And as time goes by the value of bitcoin will be higher.
Bitcoin is the kking oof aall ccoin.it's a ddigital cryptocurrency. The main difference is proven safety, which is almost insurmountable. In addition, bitcoin is the very first created crypto currency, it is the most popular and has more opportunities in the market, more sellers, it is supported by a large number of software. In bitcoin, the money is invested by a larger number of people, including large entrepreneurs, which significantly supports bitkin and its advantage over other crypto-currencies.
Bitcoin Different From Other Currencies Because:
- Bitcoin is digital
- the amount of Bitcoins to be issued is limited to 21 million
- Bitcoin is a complex product
- Bitcoin transactions have limitations
- Transactions in bitcoins do not cost a fortune
- Transactions in Bitcoin are done instantly on a peer-to-peer basis
- Bitcoin No Warranty because if there is damage to that device
used then users could lose his Bitcoin
- Bitcoin is digital
- the amount of Bitcoins to be issued is limited to 21 million
- Bitcoin is a complex product
- Bitcoin transactions have limitations
- Transactions in bitcoins do not cost a fortune
- Transactions in Bitcoin are done instantly on a peer-to-peer basis
- Bitcoin No Warranty because if there is damage to that device
used then users could lose his Bitcoin
Bitcoin is different because, unlike digital currency, Bitcoin creates a new category and therefore has a network effect.
Bitcoin is different from other currencies bacause it has the highest price among them. It is the first cyrptocurrency and highly indemand up to now. You cannot regenerate or creat another bitcoin. It is limited, yet uncontrolled.
Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.
The basic thing that bitcoin makes difference to the other cryptocurrencies is its price. It has a large price that other cryptocurrencies cannot reach as of now. It has also been created by someone you mentioned. Other than that, all cryptocurrencies are the same. They are digital and can be only exchanged using exchangers or wallets in order to become real money such as dollars and others.
Bitcoin is a digital currency that does not look real but its value is very real.
Bitcoin is different from other currencies because based on the information I read, Digital money is referred to as the money of the future.
And the future is a time full of advanced technology.
Just like Bitcoin, Bitcoin is the fruit of a Blockchain technology that is currently growing rapidly around the world.
Bitcoin is different from other currencies because based on the information I read, Digital money is referred to as the money of the future.
And the future is a time full of advanced technology.
Just like Bitcoin, Bitcoin is the fruit of a Blockchain technology that is currently growing rapidly around the world.
Bitcoin is a cryptocurrency that is more convenient and more powerful than traditional money and can be used to complete payments and cross-border transfers as long as the Internet is available.
Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.
Bitcoin is very different from other currencies and there is no currency that can be like Bitcoin. Bitcoin is a very sophisticated currency and even worth very high. Why is Bitcoin different from other currencies? Because Bitcoin can only live on the internet and can not be used in the offline world. Bitcoin is also unlike other recognized currencies in their respective countries. No Government can regulate this digital currency.
Bitcoin exactly happens to be a token issued from the Bitcoin Blockchain, this makes it quite secure to an extent where it cannot be duplicated, manipulated or forged. Bitcoin is also known as the internet’s currency because it is resident on the internet with scores of miners keeping track of each transaction happening by recording it within the Blockchain.
Bitcoin is the first cryptocurrency in the blockchain network mostly bitcoin is an example of blockchain decentralized network so other currency follow the success of bitcoin
Bitcoin occupies a special, the most honorable place in the crypto currency community, as it is sometimes called, the grandfather of all crypto coins. Parallels with a human being. When there is a grandfather, he is honored and respected. Bitcoin, is a pioneer. It is like a mirror of the whole crypto currency market. I do not want to dig into technical differences from the rest of the coins, but, again, compare the grandfather and grandson. The grandfather is smarter and more experienced, and the grandson is faster and younger. If we compare Bitcoin and other currencies - dollar, yen, and so on ... Here the most important difference arises, which is very attractive to many - Bitcoin has a certain total number, it is not subject to inflation. Bitcoin can not be printed as much as you want, increasing the money supply. Of course, as a carrier of digital technology Blockchain, Bitcoin is prone to growth in price. Here, too, suggests the comparison - a simple currency, it's like counting on simple fingers. And Bitcoin, is how to count on a calculator, in our case, on a computer.
Bitcoin is a totally powerful currency that I recognise and distinct from paper or steel currencies, with the fee of bitcoin that is never strong and no longer concern to inflation, its fee is likewise limited within the whole world is to be had best 21 million, making the rate of bitcoin soared growing in price, which has no physical form like cash in a rustic, a nameless bitcoin that could only be used over the internet network. And received thru mining with computer technology equipment.
Bitcoin is different from other currencies just because of decentralization, other features are not the interesting at my opinion. Bitcoin making people free from govenment economy.
Because bitcoin is the first and famous first crypto coin and another new crypto currency has sprung up after bitcoin. Maybe that's why the bitcoin is different from the others.
Bitcoin is a digital money. The difference between other currencies is very high. No money traded on the stock exchange is as high as the bitcoin.
Bitcoin is the first coin to launch a digital money call. In the future we will see more digital money.
Bitcoin is the first coin to launch a digital money call. In the future we will see more digital money.
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