Home Forums Wallet Discussion Blockchain Wallet How is bitcoin different from regular money ?

Viewing 9 posts - 1 through 9 (of 9 total)
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  • #903086
    Maxxx17
    Participant

    I don’t quite understand the whole bitcoin system and on which trading floors it can be traded? Help me understand this. How does bitcoin differ from regular money ?

    #903271
    Agata98
    Participant

    Cryptocurrency is a type of digital currency. It is not managed by the government or banks. I use margex to make it easier to manage bitcoin. And I can tell you about the differences between cryptocurrency and regular money. So, the revolutionary features of bitcoin:
    – you don’t need a bank to transfer money to someone
    Cryptocurrency has no physical equivalent: no bills or coins made of precious metals.
    – No one can issue bitcoins bypassing the system
    – Bitcoin is anonymous – all transactions are available to anyone on the internet. But we only know the wallet numbers, no first names, last names or passport information.

    #904371
    Marckusha
    Participant

    This is all provided by the blockchain – the principle of its operation can be explained on the fingers of a child in 10 minutes. Blockchain is just a data storage system, like Excel, Google Docs or even a simple notebook.

    #975016
    denchikchyb
    Participant

    To begin with, we must understand what traditional money is all about. Fiat currency is issued and controlled by the state. These are dollars, euros, and so on. It works at the expense of the authority of the state, which issues it. If the authority of the state falls, the currency falls in value. Fiat money has a paper counterpart, which you have definitely held in your hands. The state can print any amount of money and it depreciates in value. Cryptocurrency is a type of digital currency. It is not controlled by the government or banks. The revolutionary thing about bitcoin is that you don’t need a bank to transfer money to someone. Cryptocurrency has no physical equivalent: bills or precious metal coins. Bitcoin is anonymous – all transactions are available to anyone on the Internet. But we only know the wallet numbers, no first names, last names or passport information. Nowadays bitcoin is actively penetrating in different spheres, for example I’ve seen gaming platforms, that offer free BTC faucet for performing simple and not complicated actions. This is probably the most basic difference from basic money.

    #1017344
    toyi
    Participant

    Bitcoins are digital and decentralized. With Investing in BTC, you can get started today.

    This could be an excellent place to start: https://coinsprime.net.

    #1017503
    toyi
    Participant

    Get all the facts so you can make informed decisions about investing in Bitcoin.

    This could be a good place to start: https://coinsprime.net.

    #1108274
    RenoMa
    Participant

    Hi. If you are thinking about your project in the blockchain. You are probably asking yourself What are the most popular blockchains among leading metaverse projects and how to choose blockchain for metaverse? Here I found a great article on just this topic.

    #1231766
    Ulosp
    Participant

    Hello everyone, tell me how to exchange BTC to TRX?

    #1231768
    Gares
    Participant

    Hello, there are specialized cryptocurrency exchange services for this. Before exchanging bitcoins for trx, try using a calculator to find out how much TRX you will receive. Just enter the amount of BTC you want and let the bitcoin to trx calculator determine the best rate for an instant exchange.

Viewing 9 posts - 1 through 9 (of 9 total)
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