Bitcoin: Difference between revisions
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==Competition== | ==Competition== | ||
{| class="wikitable sortable" | |||
|+ Currency competition | |||
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! Item !! Bitcoin !! Ether !! US Dollar | |||
|- | |||
| 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 | |||
|- | |||
|High likely is the currency to act as a store of value? | |||
|style="background: green; color: white;" |High | |||
|style="background: red; color: white;" |Low | |||
|style="background: red; color: white;" |Low | |||
|} | |||
{| class="wikitable sortable" | {| class="wikitable sortable" | ||
Revision as of 14:10, 20 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 | Ether | US Dollar |
|---|---|---|---|
| Does the currency operate on a decentralised network? | Yes | Yes | No |
| Is the supply of the currency limited? | Yes | No | No |
| High likely is the currency to act as a store of value? | High | Low | Low |
| Item | Bitcoin | Ether | US Dollar |
|---|---|---|---|
| Does the currency operate on a decentralised network? | Yes | Yes | No |
| Is the supply of the currency limited? | Yes | No | No |
| High likely is the currency to act as a store of value? | High | Low | Low |
Actions
To invest in Bitcoin, click here.