Since its creation 16 years ago, Bitcoin has become a breakthrough analogue of classical financial systems. Unlike classical money, which is regulated by states and financial institutions, BTC provides a safe, decentralized system of mutual settlements with money. Let's consider the key advantages of the first cryptocurrency over fiat funds. Detailed information on the topic Live Dealers casinos can be found on the portal.

Bitcoin operates on the basis of a blockchain - a distributed database, it does not depend on any central organization. Unlike classical funds, the emission of which is controlled by state banks, BTC is produced according to a pre-programmed algorithm with a limited amount. This prevents the risk of inflation due to excessive money emission.

Traditional bank transfers, especially international ones, can take several days and involve significant costs. Bitcoin transactions are processed faster (especially in the Lightning protocol), and the costs for transfers are much lower than in classic payment systems. BTC is not tied to the legal zone of any country and is available to anyone with Internet access. This is especially important for residents of countries with a bad economy, where national currencies are subject to hyperinflation.

All bitcoin transactions are recorded in a public database, which guarantees a high level of transparency. In addition, owners remain anonymous, since transactions do not require disclosing personal data, as in classic structures. Thanks to the decentralized system and cryptography, BTC is protected from fraud.

Traditional monetary transactions require banks, transfer systems and other intermediaries, this increases the cost of transactions. Bitcoin provides the ability to transfer value directly between users, reducing the involvement of other people. Unlike bank accounts, which are sometimes frozen by order of authorities, BTC wallets are managed exclusively by their owners. When used correctly (for example, in cold wallets), BTC is virtually impossible to withdraw.