Since its creation in 2009, Bitcoin has become a revolutionary alternative to classic monetary models. Unlike traditional means, which are controlled by governments and financial institutions, Bitcoin provides a decentralized, transparent model of mutual settlements with money. Let's consider the main advantages of the first cryptocurrency over classic means. Detailed information on the topic bitcoin live casinos can be found at the link.

BTC operates on the basis of a blockchain - a specialized database, it does not depend on any centralized organization. Unlike fiat money, the emission of which is controlled by central financial institutions, Bitcoin is produced according to a predetermined algorithm with a limited amount. This prevents the risk of inflation due to the large emission of money.

Classic banking transactions, especially international ones, can last up to a week and are accompanied by significant commissions. BTC transfers are carried out faster (especially in the Lightning protocol), and transaction fees are much lower than in traditional payment systems. Bitcoin is not tied to the responsibility of a specific state and is available to anyone with Internet access. This is especially important for citizens of states with an unstable economy, where federal money implies hyperinflation.

Any bitcoin transactions are recorded in an open blockchain, which guarantees the highest level of transparency. Plus, owners remain anonymous, because transactions do not require disclosing personal data, as in banking systems. Thanks to the decentralized system and cryptography, Bitcoin is resistant to censorship.

Fiat financial transactions require the presence of banks, transfer systems and other intermediaries, which increases the time of transactions. Bitcoin allows you to transfer value directly between holders, reducing the involvement of third parties. Unlike bank accounts, which are sometimes closed by order of the authorities, Bitcoin wallets are controlled exclusively by their owners. When stored properly (say, in cold wallets), Bitcoin is virtually impossible to withdraw.