• Home
  • Authors
  • Write for us
  • Advertise
  • Contact
  • Privacy Policy
  • Terms and Conditions
Sunday, April 18, 2021
No Result
View All Result
ABC Money
PR Fire Press Release Distribution
  • News
  • Business
  • Economics
  • Finance
    • Investment
    • Tax
    • Mortgage
  • Property
    • Utilities
  • World
  • Technology
  • Fashion
  • Health
  • Holidays
  • News
  • Business
  • Economics
  • Finance
    • Investment
    • Tax
    • Mortgage
  • Property
    • Utilities
  • World
  • Technology
  • Fashion
  • Health
  • Holidays
ABC Money
No Result
View All Result
Home Business

Why is Bitcoin better than traditional paper currency?

by Claire James
22/05/2020

Technology and digitalization has taken over everything in 21st century, even currency. Yes, you heard it right! Gone are the days when people used to invest their hard earned paper currency in stock-market. No more because people are now more interested in investing the digital currency or what is also called crypto-currency.

Though since last one decade there are a lot of cryptocurrencies that have come to origin like Altcoin, Bitcoin, Ripple, Litcoin and Libra among others but Bitcoin is the most famous among all the crypto-currencies in the market. Though there is no exact explanation for it but yes the unstable and volatile nature of Bitcoin is responsible for it to a great extent. People kind of have high hopes with the unstable nature of Bitcoin which always kinds of hikes up the price of the crypto-currency and have made thousands of people rich.

It will not be wrong to say that paper currency is outdated now and Bitcoin may soon take over the traditional currency.

How to define Bitcoin?

Bitcoin is a digital currency that you cannot touch. You can see it on your computer and smart phones screens though, same thing as online banking. However, many people who are reading this article must be thinking that what is so special about Bitcoin? Why is it considered as the first choice for investment? Well have patience! You will get the answer in this very same article. Get more information about Bitcoin in Bitcoin era.

First of all, it is important to understand that how Bitcoin works?

Bitcoin works on the theory of Blockchain and algorithms and you need to understand algorithms for making the correct forecast regarding the value of Bitcoin in future. Once you have understood how algorithms work, you can go ahead and start investing in Bitcoin or even try the latest algorithm of the Bitcoin Loophole.

The best feature about Bitcoin is that it is not controlled by government or banks and is complete free from restrictions. Also the blockchain technology of Bitcoin keeps records of all the transactions occurred and so there is no chance of fraud and identity thefts, and hence is considered a safe mode of holding money.

RelatedPosts

How to Boost Your Online Presence as a Start-up

The Basics of PMP Certification – A Beginner’s Manual

How To Register A Company in the UK

Benefits Of Choosing A Good Online Payroll Management Software

Load More

Here are so of the advantages of Bitcoin that makes it superior to traditional currency:

  • Bitcoin is one of the easiest and the most preferred method for online shopping. There is an e-wallet just like online banking where you can store Bitcoin, do transactions and pay for services.
  • Bitcoin is a very famous form of trading all over the world and it is accepted as a mode of payment everywhere. Even the world’s largest software company Microsoft accepts Bitcoin as a mode of payment.
  • Bitcoin gives people the independence to exchange currency and do the transactions without the involvement of any third party unlike traditional currency that is controlled by government and banks.
  • The technology behind Bitcoin, which is, blockchain is what makes or breaks it. Thousands of computers during a distributed network use cryptological techniques to form a permanent, public record of every Bitcoin transaction that has ever occurred.
  • This record is going to be very valuable for numerous things besides following the payment. Bitcoin is secure, open for all yet private at the same time. So, there is no chance of any fraudulent activities.

Each Bitcoin has a different code and the blockchain technology keeps a record of every transaction that ever took place, so there is no chance of any fraud activities here.

Previous Post

How Can Investors Make Profits in Energy Markets?

Next Post

5 Reasons Why a Landlord Can Refuse A Tenant

Related Posts

How to Boost Your Online Presence as a Start-up
Business

How to Boost Your Online Presence as a Start-up

16/04/2021
How To Register A Company in the UK
Business

The Basics of PMP Certification – A Beginner’s Manual

16/04/2021
How To Register A Company in the UK
Business

How To Register A Company in the UK

16/04/2021
Next Post
Is a limited company buy to let the best option?

5 Reasons Why a Landlord Can Refuse A Tenant

4 Ways Software Helps to Manage Your Portfolio

4 Ways Software Helps to Manage Your Portfolio

Freelancer vs. small business owner vs. entrepreneur – what is the difference and how to make a transition

Freelancer vs. small business owner vs. entrepreneur - what is the difference and how to make a transition

Latest News

Corporation Valued At $ 3 Trillion Enters The Crypto Ecosystem

Corporation Valued At $ 3 Trillion Enters The Crypto Ecosystem

10/04/2021
Regulatory Controls Applied To The Crypto Market In Europe

Regulatory Controls Applied To The Crypto Market In Europe

10/04/2021
16 Best Crypto Trading Bots (Free & Paid)

16 Best Crypto Trading Bots (Free & Paid)

16/04/2021
Everything you need to know about a VIN Decoder

Everything you need to know about a VIN Decoder

16/04/2021
How to Boost Your Online Presence as a Start-up

How to Boost Your Online Presence as a Start-up

16/04/2021
How To Register A Company in the UK

The Basics of PMP Certification – A Beginner’s Manual

16/04/2021

Social

Contact

For editorial enquiries:

editorials@abcmoney.co.uk

For advertising enquiries:

advertise@abcmoney.co.uk

Top Topics

  • News
  • Business
  • Finance
  • Property
  • Technology
  • Investment

Guides

  • Best UK Bridging Loans
  • Best UK Secured Loans
  • Best UK Commercial Mortgages
  • Best UK Business Loans
  • Best UK Payday Loans
  • Best Sites for International Money Transfers
  • Best Press Release Distribution Service

Social

  • Home
  • Authors
  • Write for us
  • Advertise
  • Contact
  • Privacy Policy
  • Terms and Conditions

© 2020 ABC Money

No Result
View All Result
  • Write for us
  • Contact
  • About Us
    • Authors
  • News Desk
    • Business
    • Finance
    • Property
    • Technology
    • Investment

© 2020 ABC Money

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.