There are 6 factors that make a difference:
1. Bitcoin is completely decentralized
Unlike paper money (Centralized), Bitcoin is not controlled by an organization like a bank or a government.
2. Bitcoin cannot be created but can be mined (also known as Bitcoin mining).
Hearing this sentence, do we think of something of a similar nature?
Exactly! It is Gold
3. Bitcoin cannot be counterfeited
4. Low transaction fee
5. The security of Bitcoin is very high
We cannot hack into Bitcoin's network.
If we want to do that, we need to hack into all the nodes in the Bitcoin network at the same time.
And to do this is almost impossible!
6. We cannot get money back when the transaction happened
Why is that? Because once the information has been written to the blockchain, no one can change or modify that information.
All the preeminent properties of Bitcoin are built on two new technologies: Blockchain technology and distributed LEDGER technology.
Blockchain technology is the financial breakthrough of the future. Blockchain is designed to resist data change.
