Since its inception in 2009, BTC has become a breakthrough alternative to classic financial systems. Unlike classic funds, which are regulated by states and banks, BTC has a secure, decentralized system of value exchange. Let's talk about the main advantages of the leading cryptocurrency over fiat money. You can find detailed information on the topic bitcoin live casinos at the link.
BTC operates on the basis of a blockchain - a distributed database, it does not depend on any regulatory body. Unlike classic money, the issue of which is controlled by state financial institutions, Bitcoin is issued according to a predetermined plan with a limited amount. This prevents the risk of inflation due to the large emission of funds.
Traditional bank transfers, especially international ones, can take up to a week and are accompanied by large commissions. Bitcoin transfers are carried out faster (especially in the Lightning network), and transaction costs are much lower than in classic payment systems. Bitcoin is not tied to the legal zone of any country and is available to any user with Internet access. This is especially important for residents of countries with a bad economy, where federal currencies are subject to hyperinflation.
Any bitcoin transactions are recorded in a public blockchain, which implies a high level of transparency. Plus, the owners remain anonymous, because there is no need to disclose personal data for transactions, as in classic structures. Thanks to cryptography and a decentralized system, Bitcoin is resistant to censorship.
Traditional monetary transactions require banks, payment systems, and other intermediaries, which increases the cost and time of transactions. Bitcoin allows value to be transferred directly between holders, reducing dependence on other parties. Unlike bank cards, which are sometimes frozen by order of authorities, BTC wallets are managed only by their owners. When used correctly (for example, in special wallets), Bitcoin is almost impossible to block.
