All Cryptos > Bitcoin (BTC)
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly through the use of cryptography, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.
Store and tranfer of value totally independant of governments and intermediaries such as banks
Deflationary by nature due to limited supply
The first and most well known cryptocurrency, with the biggest market cap by far.
Widely accepted in many establishments, with a well developed backbone and auxiliary services, making it more accessible.
Supports second layer solutions like the lightning network to tackle fees. Also supports Segwit tx's and soon to add Schnorr signatures to reduce tx fees.
Rising transaction fees.
Very low transaction capacity when compared to popular payment methods such as VISA
Still largely dependant on centralized exchanges, which may be hacked, shut down, or have their bank accounts blocked.
transactions take way to long
needs to use use adam backs tab system
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