How is Bitcoin Superior To Other Cryptocurrencies?

How is Bitcoin Superior To Other Cryptocurrencies?

In a world where cryptocurrencies have managed to make the regular payment methods look obsolete, Bitcoin takes the top as the best cryptocurrency, one that manages to completely dwarf the competition. Millions of people joined Bitcoin’s network in a quest for making a profit but also using it as a payment method due to the fact that it is completely optimized for online use and has tons of great benefits.

With all of this on our mind, we decided to dive into the world of Bitcoin and try to explain why this cryptocurrency is so superior compared to the competition. As you may know, there are countless cryptocurrencies on the market, but none of them even come close to Bitcoin. Let’s check out the reasons why.

It is Far More Valuable

It goes without saying that Bitcoins value completely dwarves the value of other cryptocurrencies. It recently managed to cross $50,000 for the first time in history, and that number is breath-taking. Just to let you know how much that is, Bitcoin is now as valuable as gold. Nothing has ever come close to gold’s value in history, yet Bitcoin did it with ease.

Speaking of its value and money, it is also interesting to mention the process of making money with Bitcoin. After traders manage to earn it through the process known as mining (in this process, you verify Bitcoin transactions), they visit trading sites to sell their assets. These sites are worth to take a look at as they are quite unique and interesting. Let’s take Bitcoin System UK as an example as this trading site is one of the most reputable on the market. Not only does this platform act as a marketplace, but it also uses AI to try and help you sell your Bitcoins at the perfect time. In layman’s terms, this AI system takes the data on Bitcoin from the market, analyzes it and manages to make an accurate prediction on how Bitcoin will fluctuate in the future.

In doing so, it provides you with valuable information as it helps you determine when is the best time to sell you Bitcoins and make the highest possible profit.

Provides Next-Level of Security

One of the common features that cryptocurrencies have is that they provide users with a certain level of anonymity. But, Bitcoin also takes the lead here as being the most secure cryptocurrency. The cryptology method that it uses manages to protect its users very effective and makes it impossible for unwanted parties to gain access to sensitive data.

Furthermore, it is worth noting that Bitcoin has never been hacked, which is a huge milestone.

The Network is Far More Stable

Earlier in this article, we mentioned that there are millions of users in Bitcoin’s network. Not only that, but thousands of new users join it daily. That makes Bitcoin far more stable than other cryptocurrencies. Its stability also leads many experts to believe that Bitcoin has the potential to become the global

universal payment method in the future. They stated that a point where a majority of the world’s population will use Bitcoin and governments will have no choice but to accept it.

What About Regular Payment Methods?

When comparing Bitcoin to the regular payment methods, we can see that it makes them look obsolete as it holds tons of advantages over them. The aforementioned security is one of those advantages, along with instant transactions and the fact that third parties are not involved in the process of trading.

Banks are excluded from the process of trading, and in doing so, they cannot impose any added or hidden fees. So, people are able to save money when using this cryptocurrency for payments.

Copyright Lyonsdown Limited 2021

Top Articles

The benefits of external threat hunting

Have you heard of external threat hunting or threat reconnaissance? If you have, you’re in the 1 per cent of the 1 per cent.

From growing supply chain attacks to ransomware gangs putting lives at risk

From ransomware pile-ons to commoditized supply chain TTPs, the threat landscape is set to evolve at a worrying pace in the year ahead.

Restricting company information - hide the truth or lie about it?

It seems like a cliché: a person’s life changes when they’re exposed to a previously concealed or distorted truth. In theory, all information is freely available – and, therefore, is…

Related Articles

[s2Member-Login login_redirect=”https://www.teiss.co.uk” /]