What Makes Bitcoin So Special?

[merclyn]

This is my new article, I am posting it here for discussion, thx for your comments. original article medium link is https://medium.com/@paul.fabozzi/what-makes-bitcoin-so-special-6734b54f689

What Makes Bitcoin So Special
And why a “better” version of Bitcoin won’t replace it so easily

Bitcoin, an invention by the anonymous cypherpunk Satoshi Nakamoto is the worlds first successful cryptocurrency. Prior to Bitcoin it wasn’t possible to pay anyone on the internet without having intermediaries or middle men involved. Shortly after its introduction many variants of it arrived on the scene called altcoins, with promises of faster confirmations, better scaling, better privacy features, and with more robust smart contract support. However Bitcoin holds far more value than any of the newcomers. Where does this value come from, and why do so many consider Bitcoin far superior? This article will explore some of the properties of bitcoin and how they come together to make something truly unique, and not very easy to duplicate.

Decentralization

There would be nothing special about Bitcoin if it were not decentralized. Its that its decentralized that gives it such appeal, nobody is in control, and that’s good. Its natural to want to solve problems by centralizing the solution, but as you do this you create centralized power, which is basically what bitcoin was invented to replace. Bitcoin was invented to be the peoples money, not a crypto PayPal.

Decentralization is not always black and white, or yes/no. It’s a scale, and this scale is always under constant pressure. Sometimes centralization attempts are hidden from view, disguised as scaling upgrades. Bitcoin has resisted these well-coordinated attacks on the network successfully.

Bitcoin was born in the wild of the cypherpunk internet back corners, and has grown decentralized from there organically. Its, still anonymous inventor (Satoshi Nakamoto) disappeared shortly after starting up the network, and since then the software that runs the nodes are developed and maintained by thousands of volunteers and contributors. Even its development is the most decentralized.

Decentralization also means there is nobody to ask permission to use it, nobody who can sensor it, no way to keep transactions inside real world borders, nobody who has ability to seize funds or reverse transactions, nobody to ask permission to start a new application or startup on it. These qualities are all features, not bugs.

Bitcoin has the highest overall level of decentralization among all cryptocurrencies.

Immutability

One of Bitcoins most valuable properties is the immutability of its blockchain. To be immutable means it cannot be changed, and having an unchangeable ledger is something that has never been possible before bitcoin. This is where bitcoin and all of the other coins are different, none of the other coins or altcoins can claim to have a truly immutable ledger or blockchain. Bitcoins consensus algorithm is what regulates and controls how bitcoin works, and it’s very difficult to change consensus without all the interested parties agreeing. There is no president or founder who can wave their magic wand and force consensus changes upon the network like all the other altcoins have. There is no one person, or group of people who are in control of bitcoin, and that’s good.

A certain level of inertia in regards to the consensus algorithm exists in bitcoin that is beneficial to its immutability. You generally don’t want to have a system that can be changed very quickly on a whim containing Billions of USD worth of value. For instance, if it was decided by the miners that the mining reward needed to be doubled, such a proposal would be met with great resistance from the other interested parties, and would fail. (*Bitcoins interested parties include bitcoin holders, wallet software developers, miners, developers, merchants, application developers, and others. )

As a side effect, while bitcoin adoption grows it will be harder and harder to get network upgrades into consensus to support increased scaling, and improved privacy features that are on the developers roadmap. Eventually it will be impossible to change the consensus algorithm and it will be locked in stone.

· Bitcoin miners provide the processing power that secures the Bitcoin blockchain with 50,599,447,508,000,000(as of this writing) SHA256 Hashes Per Second. This hashing power significantly contributes to the security and immutability of the Bitcoin blockchain.

· To be able to keep a secure global immutable ledger without having any intermediaries involved is a tremendous advancement in modern financial technology.

· Participants in such a network should also expect reduced counter-party risk exposure.

Antifragility

Antifragility is a property of systems that increase in capability, resilience, or robustness as a result of stressors, shocks, volatility, noise, mistakes, faults, attacks, or failures. — Wikipedia.org

Bitcoin has been under constant attack ever since its early days. A network that, as of this writing, holds $110 billion in value makes for a big honeypot. As a result bitcoin has developed a certain immune system that continues to improve into the future.

• One of the early fixes to the early bitcoin protocol was to make the script language turing incomplete, which means you cannot write very complex smart contracts on its blockchain. This was removed from the bitcoin protocol because it introduced a broad attack surface. The removal of turing complete scripts from bitcoin hardened it and protected it from many possible attacks. It was decided early in Bitcoins development that it would favor safety and security over flexibility. Many other adjustments have been enacted along the way in response to the constant barrage of attacks.

To say that bitcoin has survived and thrived in this environment is an understatement. Bitcoin has never once suffered a hack to its protocol, not once has an invalid transaction been included into the blockchain, not once has a transaction been reversed after suitably being recorded onto the blockchain. Sure, many have had there bitcoin hacked, but its important to know that all of those cases are of people being sloppy with their private keys. Bitcoin was not hacked, your keys were stolen. If you are sloppy with the combination to your safe, don’t be upset when you find it empty. Not your keys, not your bitcoin.

I expect that bitcoin will continue to adapt and evolve in response to future threats.

Scarcity

Bitcoin could possibly be the most scarce asset on earth. There will only ever be barely 21 million bitcoin in existence. Taking into account its decentralized nature, and its immutability, and the inert nature of its protocol development its hard to see this ever changing. With over 7 billion humans on earth, there are not many to go around. fortunately each of those bitcoin can be broken into 100,000,000 units called Satoshi.

Unlike gold when the demand for bitcoin quickly rises, the miners cannot just increase the supply in response to increased demand. There is no way to just mine more bitcoin in response to demand. This dynamic along with bitcoins schedule of diminishing mining rewards will contribute to its rarity as adoption grows. This could produce a market cap many multiples of where we are today in a short period of time.

Many of the altcoins have no coin cap, or have such weak security model that the cap can be changed by decree.

These properties are conducive to the bitcoin network being a great store of value outside the traditional monetary system.

The lightning Network

In early 2018 a second layer network on top of bitcoin began to run, the Lightning Network. This new network promises to solve many of the scaling challenges that are inherent with recording every single global transaction onto the blockchain. The Lightning Network basically allows for many off-chain transactions to take place that are periodically settled on-chain.

The Lightning Network also easily allows for micro transactions, streaming money applications, and a new kind of transaction called atomic swaps, swap Bitcoin for Litecoin without an exchange in a trustless environment. Many other applications are being built on top of the lightning network, many more still have not been thought up yet.

Further when making lightning transactions there is never a need to wait 10 minutes for transactions to confirm into a block, like you would when making regular on-chain bitcoin transactions.

With a good lightning wallet, and a few bucks worth of bitcoin in a payment channel you (And everyone else on earth) will be able to get that allusive cup of coffee every morning with bitcoin and not break the network.

The Lightning Network is just one of many possible layer 2 networks.There are also plans for a second layer network www.rsk.co that will support rich ethereum style smart contracts (turing complete) with bitcoin(BTC) as the token. With all the new capabilities made possible by the 2017 segregated witness upgrade to bitcoin, its possible that many nich cryptocurrency applications could be handled on a second layer using bitcoin as its token.

In Conclusion

In modern-day times its natural to think that if something is brand new, just wait and a better, faster, cheaper version will be out soon enough. This is certainly a contributing factor to the allure of altcoins. However Bitcoin has developed in a way that may be impossible for it to be replaced. It seems that the really important properties don’t come along when its copied.

[1715120120]

1715120120

[franky1]

and since then the software that runs the nodes are developed and maintained by thousands of volunteers and contributors. Even its development is the most decentralized.

Decentralization also means there is nobody to ask permission to use it, nobody who can sensor it,

the software that RUNS the nodes = bitcoin core reference client. the "core" of the network
vs the software that uses the network = litewallets that follow CORES rules

try not to confuse the two

now lets be unbiased and actually be realistic
Core software is not decentralised. there is one github. when satoshi was around developers helping satoshi were using many sources. their own github repos, sourceforge and other places. they all formed idea's and posted code on this forum, in IRC and other places. and it all came to a consensus..   

since satoshi's departure it all got centralised into the one github. and now proposals are not simply programmed in and then activated if a high majority used them and accepted them by seeing there was not much if any orphans/rejects occuring based on consensus of using different features. or by pre announcing activation using flags of activation. via many differing repo's proposals
these days it has to go through a moderated process centred inside the single github repo. by certain devs of "the reference client" called core

so although core network may be distributed. it is very much centralised

ask yourself this. are apple phones decentralised or distributed. many millions of people use it around the world. but its code and manufacturing is controlled by one brand who set the rules.
the developers of apple phones are wide spread over multiple locations and warehouses and offices. but ultimately are under one brand.

please do not rebut with the instant reaction to defend or deflect. take time to have a coffee and relax and think truthfully, deep and hard about the reality. and not just reply to try sweeping/deflecting the issue under the carpet like its an issue you would prefer to be swept under the carpet and not dealt with

i am not of a different team trying to attack. i am just raising the awareness of reality so that people dont over promise and under deliver. i want people to be aware that things are not as advertised so they can realise the reality. and ultimately the goal is to ensure core does not let their power go to their head and continue becoming the monarchy of the network. but to actually keep them on their toes and to actually allow and help the community come to consensus agreements independently in different teams outside the core github. rather than act as a monarchy where any change regime they disagree with is treated as an attack before the community even get a chance to decide

[franky1]

In early 2018 a second layer network on top of bitcoin began to run, the Lightning Network.

ill try to keep this one short

the lightning network is a separate network and not a feature of bitcoin. as you concluded that the lightning network allows other currency swaps.

bitcoin has been modified to be LN compatible* so that multiple coins can function on the lightning network. LN was not created to only support bitcoin.

*(rather than LN modified to only be bitcoin compatible)

[merclyn]

Good Points.  

I would imagine that all the other projects are just as centralized in their github structure as bitcoin is, but I think I was trying to (unsuccessfully as it seems) to say that there are alot of individuals that contribute ideas, and actual code to this project, alot more than other projects.  I know that there is a person who is in control who approves that code, and that person adds to its centralization.  Its not perfect system, but as long as the rest of the interested parties are ok with how they approve code they will continue to be allowed to do so(Or rather, people will continue to run their node).  Isnt that how it works?  

Good Points on Lightning Network Too.

[franky1]

but as long as the rest of the interested parties are ok with how they approve code they will continue to be allowed to do so(Or rather, people will continue to run their node).  Isnt that how it works?  

double edged question
1. if your not running their rules your not on their network
2. core only had 35% acceptance of the segwit changes. but the devs who love segwit proposed a mandatory accept or get banned/rejected off the network that was mandated to occur in august. so its not a free spirited system as you presume.
3. yes its how it works today. but thats not the correct way. its not the way it always worked or the way it worked in satoshi's day.

a few years ago it used to be multiple software bases with no mandated date of activation of their proposals. but if a majority consensus of utility was seen of a different software then the proposals of that software would get activated. but now it all has to go through core. and any other proposal attempts are required to go through core. anything not acceptable to core is deemed as an attack.
the important definition of true decentralisation is that there is no single point of an attack and nothing to be attacked. so having the mindset that something is being attacked. is admitting there is a point of attack. thus not decentralised.

as for the interested parties. well the whole 'consensus roadmap' was designed to get certain businesses funded by a certain group to be the interested parties. and all pull rank to maneuver the process of 35%->100% along before november 2017.

again even the interested parties are one sided, whilst everyone else is left to just follow the interested parties or go play with a different network coin elswhere.

bitcoin went from no control anyone and everyone is treated as an interested party and everyone have an equal level of participation. to being a ranking system/monarchy.

its one of the reasons satoshi left. he didnt want to be the 'go to' guy that vetted it all. he didnt want to review everyones code. he wanted consensus to decide, not him. though many twisted his words to say that he was not happy with so many differing versions of the software which he could not review, as their way of pushing towards a central hub as their solution.

[Crungcrungtin]

bitcoin is you can earn through mining with the use of computer processors to mine and it's called blockchain
every blockchain have difficulty, i don't know what is difficulty in blockchain.. and bitcoin is very special... with the use of miner like Sha 256 and antminer s9. and mining software direct to your wallet and you can convert  it as currency, the bitcoin is digital currency because you cannot touch it, but you can convert it as money..
another special in bitcoin, is non taxable.. because they not monitor the bitcoin. because bitcoin is decentralized blockchain..

[merclyn]

1. if your not running their rules your not on their network
2. core only had 35% acceptance of the segwit changes. but the devs who love segwit proposed a mandatory accept or get banned/rejected off the network that was mandated to occur in august. so its not a free spirited system as you presume.
3. yes its how it works today. but thats not the correct way. its not the way it always worked or the way it worked in satoshi's day.

1: true,  but if only a few developers who control the github were in the vast minority of a consensus change, we would all fork away from them.  We would all be happy about this, and if its truly UN-contentious we would all move like a herd in lock-step.  As a matter of fact, not upgrading to their code would be all the move that would be necessary while we take future upgrades from a different github.
2: wasnt the mandatory thing that happened in Aug of 2017 the UASF?  Didnt the users of nodes, not the developers on bitcoin.org threaten that action?

Frank, thx for your comments, im going to edit the article on medium taking your input into consideration.

Paul

[muhammedb]

I think bitcoin is special because it is control and manage by yourself no third party need to tell you how you should run your investment that is why is called a decentralized platform, secondly bitcoin is the most special coin among other coins in cryptocurrency because of it potential and the row it playing as the first crytpocurrency coin in blockchain technology which make him the king among other coins. 

[abhi777]

This is my new article, I am posting it here for discussion, thx for your comments. original article medium link is https://medium.com/@paul.fabozzi/what-makes-bitcoin-so-special-6734b54f689

What Makes Bitcoin So Special
And why a “better” version of Bitcoin won’t replace it so easily

Bitcoin, an invention by the anonymous cypherpunk Satoshi Nakamoto is the worlds first successful cryptocurrency. Prior to Bitcoin it wasn’t possible to pay anyone on the internet without having intermediaries or middle men involved. Shortly after its introduction many variants of it arrived on the scene called altcoins, with promises of faster confirmations, better scaling, better privacy features, and with more robust smart contract support. However Bitcoin holds far more value than any of the newcomers. Where does this value come from, and why do so many consider Bitcoin far superior? This article will explore some of the properties of bitcoin and how they come together to make something truly unique, and not very easy to duplicate.

Decentralization

There would be nothing special about Bitcoin if it were not decentralized. Its that its decentralized that gives it such appeal, nobody is in control, and that’s good. Its natural to want to solve problems by centralizing the solution, but as you do this you create centralized power, which is basically what bitcoin was invented to replace. Bitcoin was invented to be the peoples money, not a crypto PayPal.

Decentralization is not always black and white, or yes/no. It’s a scale, and this scale is always under constant pressure. Sometimes centralization attempts are hidden from view, disguised as scaling upgrades. Bitcoin has resisted these well-coordinated attacks on the network successfully.

Bitcoin was born in the wild of the cypherpunk internet back corners, and has grown decentralized from there organically. Its, still anonymous inventor (Satoshi Nakamoto) disappeared shortly after starting up the network, and since then the software that runs the nodes are developed and maintained by thousands of volunteers and contributors. Even its development is the most decentralized.

Decentralization also means there is nobody to ask permission to use it, nobody who can sensor it, no way to keep transactions inside real world borders, nobody who has ability to seize funds or reverse transactions, nobody to ask permission to start a new application or startup on it. These qualities are all features, not bugs.

Bitcoin has the highest overall level of decentralization among all cryptocurrencies.

Immutability

One of Bitcoins most valuable properties is the immutability of its blockchain. To be immutable means it cannot be changed, and having an unchangeable ledger is something that has never been possible before bitcoin. This is where bitcoin and all of the other coins are different, none of the other coins or altcoins can claim to have a truly immutable ledger or blockchain. Bitcoins consensus algorithm is what regulates and controls how bitcoin works, and it’s very difficult to change consensus without all the interested parties agreeing. There is no president or founder who can wave their magic wand and force consensus changes upon the network like all the other altcoins have. There is no one person, or group of people who are in control of bitcoin, and that’s good.

A certain level of inertia in regards to the consensus algorithm exists in bitcoin that is beneficial to its immutability. You generally don’t want to have a system that can be changed very quickly on a whim containing Billions of USD worth of value. For instance, if it was decided by the miners that the mining reward needed to be doubled, such a proposal would be met with great resistance from the other interested parties, and would fail. (*Bitcoins interested parties include bitcoin holders, wallet software developers, miners, developers, merchants, application developers, and others. )

As a side effect, while bitcoin adoption grows it will be harder and harder to get network upgrades into consensus to support increased scaling, and improved privacy features that are on the developers roadmap. Eventually it will be impossible to change the consensus algorithm and it will be locked in stone.

· Bitcoin miners provide the processing power that secures the Bitcoin blockchain with 50,599,447,508,000,000(as of this writing) SHA256 Hashes Per Second. This hashing power significantly contributes to the security and immutability of the Bitcoin blockchain.

· To be able to keep a secure global immutable ledger without having any intermediaries involved is a tremendous advancement in modern financial technology.

· Participants in such a network should also expect reduced counter-party risk exposure.

Antifragility

Antifragility is a property of systems that increase in capability, resilience, or robustness as a result of stressors, shocks, volatility, noise, mistakes, faults, attacks, or failures. — Wikipedia.org

Bitcoin has been under constant attack ever since its early days. A network that, as of this writing, holds $110 billion in value makes for a big honeypot. As a result bitcoin has developed a certain immune system that continues to improve into the future.

• One of the early fixes to the early bitcoin protocol was to make the script language turing incomplete, which means you cannot write very complex smart contracts on its blockchain. This was removed from the bitcoin protocol because it introduced a broad attack surface. The removal of turing complete scripts from bitcoin hardened it and protected it from many possible attacks. It was decided early in Bitcoins development that it would favor safety and security over flexibility. Many other adjustments have been enacted along the way in response to the constant barrage of attacks.

To say that bitcoin has survived and thrived in this environment is an understatement. Bitcoin has never once suffered a hack to its protocol, not once has an invalid transaction been included into the blockchain, not once has a transaction been reversed after suitably being recorded onto the blockchain. Sure, many have had there bitcoin hacked, but its important to know that all of those cases are of people being sloppy with their private keys. Bitcoin was not hacked, your keys were stolen. If you are sloppy with the combination to your safe, don’t be upset when you find it empty. Not your keys, not your bitcoin.

I expect that bitcoin will continue to adapt and evolve in response to future threats.

Scarcity

Bitcoin could possibly be the most scarce asset on earth. There will only ever be barely 21 million bitcoin in existence. Taking into account its decentralized nature, and its immutability, and the inert nature of its protocol development its hard to see this ever changing. With over 7 billion humans on earth, there are not many to go around. fortunately each of those bitcoin can be broken into 100,000,000 units called Satoshi.

Unlike gold when the demand for bitcoin quickly rises, the miners cannot just increase the supply in response to increased demand. There is no way to just mine more bitcoin in response to demand. This dynamic along with bitcoins schedule of diminishing mining rewards will contribute to its rarity as adoption grows. This could produce a market cap many multiples of where we are today in a short period of time.

Many of the altcoins have no coin cap, or have such weak security model that the cap can be changed by decree.

These properties are conducive to the bitcoin network being a great store of value outside the traditional monetary system.

The lightning Network

In early 2018 a second layer network on top of bitcoin began to run, the Lightning Network. This new network promises to solve many of the scaling challenges that are inherent with recording every single global transaction onto the blockchain. The Lightning Network basically allows for many off-chain transactions to take place that are periodically settled on-chain.

The Lightning Network also easily allows for micro transactions, streaming money applications, and a new kind of transaction called atomic swaps, swap Bitcoin for Litecoin without an exchange in a trustless environment. Many other applications are being built on top of the lightning network, many more still have not been thought up yet.

Further when making lightning transactions there is never a need to wait 10 minutes for transactions to confirm into a block, like you would when making regular on-chain bitcoin transactions.

With a good lightning wallet, and a few bucks worth of bitcoin in a payment channel you (And everyone else on earth) will be able to get that allusive cup of coffee every morning with bitcoin and not break the network.

The Lightning Network is just one of many possible layer 2 networks.There are also plans for a second layer network www.rsk.co that will support rich ethereum style smart contracts (turing complete) with bitcoin(BTC) as the token. With all the new capabilities made possible by the 2017 segregated witness upgrade to bitcoin, its possible that many nich cryptocurrency applications could be handled on a second layer using bitcoin as its token.

In Conclusion

In modern-day times its natural to think that if something is brand new, just wait and a better, faster, cheaper version will be out soon enough. This is certainly a contributing factor to the allure of altcoins. However Bitcoin has developed in a way that may be impossible for it to be replaced. It seems that the really important properties don’t come along when its copied.

because bitcoin prices are really hard to be sure sometimes can rise up to several million. within a few weeks and used to helping one's economic needs to rise. and bitcoin can also be called gold because the price is relatively expensive.

[Komissarnik]

Circulation of concepts !!
Bitcoin is so popular and in demand, not because he, as the author "https://bitcointalk.org/index.php?topic=5029920.0" points out, is decentralized, immutable, anti-fractal and poor, but because it is the first practical implementation of the ability to evaluate, accumulate and implement information on the Internet. Being the main concept of Bitcoin has become the basis for alternative currencies. As the first car, on the basis of which construction principles the automotive industry further developed.
If in the future any alternative currency implements the new principles of existence and sale of information, then Bitcoin is unlikely to be able to hold the first place in the popularity and demand rating.
In the meantime, Bitcoin is popular - it is expensive, and expensive because it is popular.


if the post was useful, I will be glad + Merit 

[Okrah]

I think bitcoin is special because it is control and manage by yourself no third party need to tell you how you should run your investment that is why is called a decentralized platform, secondly bitcoin is the most special coin among other coins in cryptocurrency because of it potential and the row it playing as the first crytpocurrency coin in blockchain technology which make him the king among other coins. 

You are correct. I too, believe that bitcoin is special since it is the first crypto currency created. It marks and it is rooted in the heart of every crypto investor.

[gilangIDR]

Many things make Bitcoin special and different from other things. Bitcoin has a centralized system, guaranteed security and also a very sophisticated system. For me Bitcoin is an answer for the financial system in the future. Bitcoin uses Blockchain Technology and this makes bitcoin a system that is in great demand by many people in the world.

[Juggy777]

I think bitcoin is special because it is control and manage by yourself no third party need to tell you how you should run your investment that is why is called a decentralized platform, secondly bitcoin is the most special coin among other coins in cryptocurrency because of it potential and the row it playing as the first crytpocurrency coin in blockchain technology which make him the king among other coins. 

In my personal opinion Bitcoins is special as it's not a centralised coin, it's decentralised and that saves my taxes. The very fact that I can send huge amounts across the border paying cents is a major bonus, had I choose to pay via banks or PayPal the fees would have killed me. It's pertinent to note that it's appreciating prices is what makes it desirable, as no other asset class can give such huge returns in a short period of time.

[yecats]

For me   what makes Bitcoin special  is  the  technology behind it the Blockchain Technology that can Improve our lives in the future  and also can  make   our transaction more easier. And also the Idea  that   can  transact or transfer coins without middle man on it. Lastly it is limited  and rare.

[Komissarnik]

Any alternative currency has the same properties as Bitcoin, minor differences are in a smaller scope and, accordingly, the price of them. The peculiarity of Bitcoin is that in the practical implementation of an alternative currency, conversion into local Fiat currency occurs through Bitcoin. Such a regulator for any alternative. This is the main uniqueness and significance of Bitcoin.


ecли cooбщeниe былo пoлeзнo, я бyдy paд + Зacлyгa   

[rickyNmorty]

I think bitcoin is special because it is control and manage by yourself no third party need to tell you how you should run your investment that is why is called a decentralized platform, secondly bitcoin is the most special coin among other coins in cryptocurrency because of it potential and the row it playing as the first crytpocurrency coin in blockchain technology which make him the king among other coins. 

This is so true. Actually any other coins as same as the bitcoin. But the thing with bitcoin is, it is the first and no other coin can beat it. This is really efficient and effective in all sides. At the same time it is really good to know that no one has the control into it.

[funchiestz]

First of all, human nature requires freedom. Don't ignore that. For the first time, this was an idea like Bitcoin. Nobody knows nobody's wallet unless the owner wants it. This is very important in my opinion.

[Komissarnik]

First of all, human nature requires freedom. Don't ignore that. For the first time, this was an idea like Bitcoin. Nobody knows nobody's wallet unless the owner wants it. This is very important in my opinion.

Many government agencies of the world community are making significant efforts to control bitcoin. For pro-government organizations and controllers of the world economy, Bitcoin as a “bone in the throat”.
It is safe to say that: YES! Bitcoin is freedom !! And so he is so special and many states don't like.

[ND_INVEST]

Bitcoin is special because it's the first and most trusted cryptocurrency. What op writes in the article, however, largely seems to be true for most of cryptocurrencies and is more about the advantages of blockchain and limited supply, rather than bitcoin specifically. So if we talk about why blockchain is special, our company decided to adopt blockchain, because it makes the transactions a lot easier and faster than while dealing with banks. As we have partners in different countries, we are used to issues like a lot of time for a Swift transfer to be processed and very significant transaction fees. We will accept only our tokens as payment on the platform, because we don't want to fall victims of the extremely volatile crypto market in general.

[maemunah]

of course, in terms of price and usefulness, as long as this bitcoin is the price that is always increasing and the best place for long-term investments, the results are quite promising. So bitcoin is the most special and special coin for all investors and users