Advantages of BTC over Fiat Finance

 

Since its inception in 2009, Bitcoin has become a revolutionary alternative to classic monetary systems. Unlike traditional funds, which are regulated by governments and banks, Bitcoin has a secure, decentralized system of mutual settlements of values. Let's talk about the main advantages of the leading cryptocurrency over fiat money. Detailed information on the topic bitcoin live casinos can be found on the website.


BTC operates on the basis of blockchain - a specialized database that does not depend on any regulatory organization. Unlike traditional funds, the issue of which is controlled by state banks, BTC is issued according to a predetermined plan with a limited amount. This eliminates the risk of inflation due to the large issue of funds.


Classic banking transactions, especially international ones, can last several days and involve significant costs. BTC transactions are carried out faster (especially in the Lightning network), and transaction fees are much lower than in classic financial systems. BTC is not tied to the area of ​​responsibility of a specific country and is available to any user with access to the network. This is especially important for residents of countries with a bad economy, where national currencies suggest hyperinflation.


Any bitcoin transactions are recorded in a public database, which guarantees the highest degree of transparency. At the same time, the owners remain anonymous, because no personal information is required for transactions, as in banking structures. Due to the decentralized structure and encryption, BTC is protected from fraud.


Classic financial transactions require banks, transfer systems and other intermediaries, which increases the time of transactions. Bitcoin allows you to transfer value directly between users, reducing dependence on third parties. Unlike bank cards, which are sometimes closed by order of authorities, Bitcoin wallets are controlled only by their owners. When used correctly (for example, in cold wallets), BTC is almost impossible to withdraw.

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