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Bitcoin is the first and most popular cryptocurrency that was created in 2009. Since then, it has become the object of huge attention and controversy, attracting the attention of not only crypto investors, but also the public at large. Uniqueness of Bitcoin:
- Decentralization. One of the main features of Bitcoin is decentralization. This means that there is no central control or ownership of Bitcoin. Instead, Bitcoin uses blockchain technology, which is distributed around the world and stores data about all transactions and blocks. This makes Bitcoin more reliable and secure, and also protects it from possible problems and failures in the centralized system.
- Anonymity. Another unique feature of Bitcoin is anonymity. While all transactions are recorded on the public blockchain, no specific personal data of users is recorded. Instead, each user receives a unique identifier that serves to confirm transactions. This gives users greater privacy and protection of personal data when working on any Bitcoin exchange website.
- Globality. Bitcoin is unique in the sense that it is available for use in any country without any restrictions or barriers. This means that any user from anywhere in the world can send and receive Bitcoins, as well as use them to complete transactions. Bitcoin closes the borders and throws all the barriers open to all users.
