Since its inception in 2009, Bitcoin has become a revolutionary analogue of classic monetary models. Unlike fiat money, which is regulated by governments and banks, Bitcoin has a secure, decentralized model of mutual settlements with values. Let's talk about the main advantages of the largest cryptocurrency over traditional money. Detailed information on the topic Live Dealers casinos can be found on the website.

BTC operates on the basis of blockchain - a distributed database that does not depend on any regulatory organization. Unlike fiat funds, the emission of which is controlled by central financial structures, BTC is produced according to a pre-programmed algorithm with a limited supply. This prevents the risk of inflation due to large money emission.

Classic bank transfers, especially international ones, can take up to a week and are accompanied by significant commissions. Bitcoin transactions are carried out faster (especially in the Lightning Network), and transaction costs are much lower than in classic payment systems. Bitcoin is not tied to the legal zone of a particular state and is available to anyone connected to the network. This is especially important for citizens of states with a bad economy, in which federal money implies restrictions.

All bitcoin transactions are recorded in a public blockchain, which implies the highest level of transparency. Plus, owners remain anonymous, since transactions do not require disclosing personal information, as in classic systems. Thanks to the decentralized system and encryption, BTC is protected from censorship.

Classic financial transactions involve banks, payment systems and other intermediaries, which increases the transaction time. BTC allows value to be transferred directly between users, reducing reliance on third parties. Unlike bank accounts, which can be blocked by government orders, Bitcoin wallets are managed exclusively by their owners. When used correctly (e.g. in cold wallets), the cryptocurrency is virtually impossible to block.