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Author Topic: Why Bitcoin is Different From Other Currencies?  (Read 4278 times)
baundul
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May 15, 2018, 08:00:41 PM
 #321

There is no alternative to this. Transaction is done after examining many nondescript subjects. It's impossible to break security for code and decoder. But it's famous for mining.

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19nataliya12
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May 15, 2018, 08:14:59 PM
 #322

Bitcoin is much more accessible - more exchanges, more sellers, more software and more supported hardware. Bitcoin is much more liquid at volumes significantly exceeding the volumes of any altcoyin. Bitcoin has the largest ecosystem of developers with a lot of software and implementations, in comparison with altcoins.
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May 15, 2018, 08:32:52 PM
 #323

It has a completely different concept, it is a currency that is designed not just to support our financial world, but to completely change it, to make it much more convenient, faster and safer.
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May 15, 2018, 08:42:32 PM
 #324

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.
because of the bitcoin currency not printed like currency dollars. and bitcoin only on the computer.
yes the specialty of the bitcoin is there, because bitcoin is an unreal coin, then any person will not be able to take what they want, especially for those who want to corrupt it will not be possible, because everything is fixed by the bitcoin regulator. we have to believe that btc is safe from things like that happening in my country. such as corruption. because it is very disturbing citizens.

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May 15, 2018, 08:47:03 PM
 #325

Because it is the Legend, hello? It is the begening, first of the firsts, the world changer... When somebody talks about blockchain first thinks Bitcoin to start that conversation. It is most trustable coin in the world.
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May 15, 2018, 09:14:22 PM
 #326

Bitcoin is very anonymous and also bitcoin is very valuable. We can say that bitcoin is different  from other currencies because it is used thru digital access and it is also easy to transfer in other devices, bitcoin price also is unstable and it is easy for bitcoin to rise up and rise down every second. Those characteristic of bitcoin are differ from th real money or currency.
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May 15, 2018, 09:16:20 PM
 #327

It is decentralized, which gives it an absolutely special advantage over other cryptocurrencies. It's giving him independence.

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May 15, 2018, 09:24:02 PM
 #328

It is different due to its unstoppable price from day to day even though the market dipping the price but still bitcoin is number 1 worldwide because of its popularity and many who are very interested to invest with.
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May 15, 2018, 09:29:34 PM
 #329

Bitcoin is not backed by any one its independent currency .where as other currency are backed by government .
Bitcoin can be tracked where money was send by whom through blockchain. Where as its kind of hard to hard to trace currency like euro,dollar
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May 15, 2018, 09:36:19 PM
 #330

Bitcoin is not backed by any one its independent currency .where as other currency are backed by government .
Bitcoin can be tracked where money was send by whom through blockchain. Where as its kind of hard to hard to trace currency like euro,dollar





I think the defference of bitcoin to curracy is bitcoin is a digital currency and did not hold it because bitcoin is only on computer and cellphone we can see and bitcoin is not like dollor or other currency that we can use to buy in daily needs because we need to trade or sell so that we can use it.

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May 15, 2018, 09:45:27 PM
 #331

Bitcoin can completely change our usual vision of the financial world. It can change our economic system for the better, and that is what makes it special.

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May 15, 2018, 09:59:14 PM
 #332

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.

Lots of advantages bitcoin, which include:
Bitcoin's different and unique from the digital currency that ever existed before.
Bitcoin's entirely decentralized (so there is no centrality in bitcoin, no charge as the US does against Dolarnya, China with Yuan or India against the Rupee).
The entire bitcoin transaction data and information, stored in a database called (Blockchain).
Bitcoin uses peer-to-peer networks, and there is no centralized system, and there is no centralized server that makes the security of transactions layered.
The new bitcoin can be created and done by anyone, open to everyone, that's how the bitcoin system stays up and running.
Bitcoin price isn't determined by any party, because bitcoin's decentralized.
Bitcoin's pegged and determined by a particular party with something else.
The rise and fall of bitcoin prices are entirely in the market and determined by market participants.
Bitcoin's more than just gold.
Bitcoin's easily transacted either transferring or receiving.
Bitcoin's more secure and well established, making it easier and more practical to verify transactions.
The amount of bitcoin's limited and predictable.
Bitcoin, no centralized authority, such as (the US on its Dollar, China with Yuan, or India on the Rupee).
Not based on the debt system, such as on paper money.
The history of the transaction is stored neatly and can be explored openly by anyone.
Fast transfers.
The fee's cheaper.
Bitcoin's capable and potentially a currency of its own (as well as in Gold).
Remarkably, though bitcoin has been crashed hundreds of times he'd be back on his feet even better than before.
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May 15, 2018, 10:06:04 PM
 #333

Bitcoin and other Altcoin are actually the same, only Bitcoin can be called an experiment whereas other coins such as Ethereum, Litecoin, Waves are refinements of Bitcoin.
why can I say this, because all cryptocurrencies use Blockchain technology.

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May 15, 2018, 10:14:33 PM
 #334

Bitcoin and other Altcoin are actually the same, only Bitcoin can be called an experiment whereas other coins such as Ethereum, Litecoin, Waves are refinements of Bitcoin.
why can I say this, because all cryptocurrencies use Blockchain technology.
Bitcoins like most of the other cryptos are decentralized meaning that it isn't in the control of an individual of any institution. Bitcoins can be used as a currency as well as an asset at the same time.

 
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May 15, 2018, 10:16:07 PM
 #335

One of the unique features is the limited currency. Initially, the code laid 21 million coins, whose emission into the network is 25 times in 10 minutes. These coins are distributed among the miners, that is, it makes sense to contain powerful hardware to get a larger share of the produced units. Emission is halved every 4 years, which ensures a permanent rise in the price of the currency - the system has a deflationary structure. Nevertheless, after mining all the bitcoin, they will be distributed among the owners, due to which the history of the system will continue.
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May 15, 2018, 10:24:21 PM
 #336

Yeah it is different , mainly because of its amazing features , the maintenance and the value .it's literally the best  from other crypto currency.
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May 15, 2018, 10:41:30 PM
 #337

Yeah it is different , mainly because of its amazing features , the maintenance and the value .it's literally the best  from other crypto currency.
It's definitely the best coin of the cryptocurrency but that will make Bitcoin become a threat to other Altcoins.
Like the affects from Bitcoin is so strong, if the price of Bitcoin is down and all other coins are going down with it.
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May 15, 2018, 10:57:22 PM
 #338

Because bitcoin is digital and you do not need to be carrying out your money inyour poicket in order to be able to buy something or just send as much money as you want in just a few minutes. That is the whole difference about it.

 
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May 15, 2018, 11:03:41 PM
 #339

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. Thanks
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May 15, 2018, 11:11:32 PM
 #340

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. Thanks
Thus, Bitcoin is the first cryptocurrency that introduced in this world, bitcoin became different from other cryptocurrencies in terms of popularity, stability and value. Bitcoin is well known compared to other coins, it is more stable and valuable than other coins.

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