Where it all started: BTC
Bitcoin is digital money. You can carry, store, and transport large amounts of it just as quickly and easily as you can small amounts. It doesn’t need a trusted party or bank to hold it for you. Everyone can hold and transact the value they produced without anyone else. The Bitcoin network is over 13 years old, consists of servers or “full nodes”, and is growing each day by hundreds of new nodes per day all across the world.
Turns out that the same things that make physical cash useful (ease of transfer, security to make sure you’re not ripped off, etc.) apply doubly to Bitcoin. You can send Bitcoin instantly over an internet connection to anywhere in the world with no intermediary — from one personal computer to another. Anyone who has a personal computer connected to the internet can hold and transact the value they produced.
Unlike traditional currencies (or gold) there is no central bank that controls the production of it or sets its value. It’s not controlled by a government body, nor does it have an intrinsic value of its own. Instead, anyone who holds Bitcoin owns the entire network — meaning no single person, company or government entity exercises control over it. Furthermore, as digital money increases in popularity and use, it will strengthen and stabilize against inflation — making the currency the strongest store of value ever known.
Basically, BTC lets you hold and transport money without any trusted third parties. It’s easy to keep track of how much value you have. It’s that simple — no credit card companies or banks to deal with! It’s the first worldwide currency that can be reliably used to buy and sell things in a completely decentralized way. It has no single point of control, relies on no central authority, and cannot be frozen, counterfeited, nor seized by government authorities.
