Part one 1
Bitcoin is truly unique for several key reasons:
The first and most reliable
Bitcoin (BTC) became the first successful implementation of cryptocurrency based on blockchain (launched in 2009). Its decentralized network operates without a single point of control, and its code and economy have stood the test of time.
Limited issuance
The maximum number of bitcoins is 21 million.
It is hard-coded into the protocol, making BTC a digital equivalent of a 'rare resource' (like gold, but in the digital world).
3. Decentralization and security
The Bitcoin network is secured by miners operating under the Proof-of-Work (PoW) algorithm. No entity (government, corporation, or creator) can change the rules without community consensus.
4. Value as 'digital gold'
Bitcoin has become a universal means of saving in the crypto economy. It is compared to gold due to its limited issuance, resistance to inflation, and global recognition.
5. The network with the highest hash power
Bitcoin has the highest computational power among all blockchains, making it the most secure. An attack on the BTC network is virtually impossible.
Why won't other cryptocurrencies replace Bitcoin? 🫶
