Why Different Bitcoins (Why Bitcoin Rises and Other Coins Don’t)

Why different bitcoin bitcoin is one of the most secure and used Cryptocurrency in the world. However, in many different places, their value and functionality also vary greatly. For example, the number of BTCs can be reduced from 21 million to over 10 million; Each Bitcoin requires at least 10 independent wallets to manage its balance sheet, etc. Why is Bitcoin different? Why are there so many different Bitcoins? Let’s analyze it together. (Note:

1. The total amount of Bitcoin is fixed (10000)=5 billion

2. Bitcoin block size limit (1MB)

3. The less Bitcoin miners excavate, the lower the transaction fees generated.). And whenever someone wants to receive more rewards, they will increase a portion of the transaction cost, which makes it not wasted like other networks. Therefore, Bitcoin has become even more scarce. So people prefer to explore these newly created digital tokens in an “intangible” way to generate new wealth. 2. How to understand the advantages of Bitcoin Bitcoin has three basic characteristics. The first feature is that it is very easy to recognize. If they are regarded as a programmable currency, they can entrust their private keys to others for safekeeping, or hold some information themselves, and then transfer or exchange them. This way, users can quickly understand and utilize various features in Bitcoin to achieve their goals – known as privacy protection. The second attribute is its anonymity, which allows anyone to sign smart contracts on the blockchain through verification nodes, allowing them to control their data and maintain their on-chain records, preventing forgery and tampering behavior. The third feature is that there is not much innovation in Cryptography, and because this technology has existed for a long time, this concept has been considered as a very new technology, and has been continuously developed over time, Bitcoin will attract more people into this field. But at the same time, due to the fact that most people currently cannot access the Bitcoin system, some key issues in Bitcoin often arise in the network, the most important of which is the security and immutability of Bitcoin. 4. What are the benefits of Bitcoin? The first thing to understand is that Bitcoin is an open source project. Developers can build a protocol layer for Bitcoin by creating Open-source software to maximize the common interests of all participants. Although the Proof of work of Bitcoin proves that the consensus mechanism is not perfect, it is still very important for developers, because as long as there is an open source code, the security of the entire system can be ensured. In order to improve the performance of Bitcoin, it must have multiple shards, each with a unique and identical hash structure. 5. What are the main advantages of Bitcoin? In a sense, it is the only core part of Bitcoin. The core idea of Bitcoin is also a major difference of Bitcoin. The characteristics of Bitcoin are as follows: 1. Compared to sovereign legal tender, Bitcoin’s biggest advantage is that it supports multiple types of assets as collateral. 2. Adopt Bitcoin Cash payment and settlement system, namely Bitcoin cash. Bitcoin itself is not a currency, but a unit of accounting.

Why does Bitcoin rise and other currencies do not?

After Bitcoin broke through $10000, other currencies also rose significantly.

According to the data of Coinmarketcap, an analysis firm, the market value of Bitcoin has increased from 65% to 68% in the past year, which is almost six times that of last year. However, Ethereum’s price has not risen significantly this year, while other currencies have not performed well. Some people even said that they do not know why Bitcoin is useless So the question arises, why is Bitcoin’s price increase higher than all other assets? Because the price of Bitcoin is significantly different from the traditional stock market, and blockchain technology can help the financial system solve many pain points and shortcomings. Therefore, the reason why Bitcoin can continue to rise is that it has stronger security, transaction speed and lower costs. In addition, Bitcoin still has a long way to go; In addition, the “Cryptocurrency exchange” is also a very important development direction So let’s take a look at a few reasons first. Firstly, the reason why Bitcoin is recognized by mainstream society is that Bitcoin itself is the only global reserve asset. Secondly, central banks around the world are printing money, making Bitcoin a payment method used by many investors to purchase goods and services. Finally, the limited supply of Bitcoin has led some people to believe that if people really want their wealth to be protected, they need to use Bitcoin for speculation. Of course, this is also a difficult situation for the general public to understand.