Bitcoin: Difference between revisions
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{| class="wikitable sortable" | {| class="wikitable sortable" | ||
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! | ! Item !! Bitcoin !! Ethereum !! US Dollar | ||
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| | | Does the currency operate on a decentralised network? || style="background: green; color: white;" | Yes|| style="background: green; color: white;" | Yes|| style="background: red; color: white;" | No | ||
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| | | Is the supply of the currency limited? || style="background: green; color: white;" | Yes || style="background: red; color: white;" | No ||style="background: red; color: white;" | No | ||
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| Example || Example || Example || Example | |||
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Revision as of 21:31, 19 March 2022
Summary
- Bitcoin is a currency.
What is Bitcoin?
Bitcoin is a currency.
What's unique about Bitcoin?
What makes Bitcoin unique is that the supply of the currency is limited (at 21 million coins) and transactions of the currency occur peer-to-peer (i.e. without the need of a central entity, such as the Bank of England).
Competition
Item | Bitcoin | Ethereum | US Dollar |
---|---|---|---|
Does the currency operate on a decentralised network? | Yes | Yes | No |
Is the supply of the currency limited? | Yes | No | No |
Example | Example | Example | Example |