Bitcoin and other advantages of digital currency

Are you asking about the advantages of Bitcoin over other digital currency? Please refer to the following.

First of all, combining peer-to-peer network technology with modern cryptography, Bitcoin system has strong system robustness and anti-attack ability. Although there are reports that the bitcoin exchange platform for exchanging French currency has been hacked, so far, no successful attacks or serious loopholes have been found on the open source and publicly operated bitcoin system itself.

Second, Bitcoin is easy to use, and its issuance and transaction are completely electronic. Transaction security is guaranteed by cryptographic algorithms, and the social credit cost is extremely low. In contrast, plate making, printing and escort in traditional currency issuance all require high costs. Bitcoin adopts a decentralized structure, all transactions do not need intermediaries, support direct transactions from user to user, and can transfer money in real time under a pseudonym on a global scale; In contrast, traditional money transfer requires the participation of intermediaries or banks, involving complicated settlement procedures and high transaction costs, especially cross-border transfer, which is extremely complicated and has the risk of overnight exchange difference.

Third, Bitcoin is highly secure and protects users' privacy. Bitcoin adopts modern cryptographic technology that has been proved to be safe by theory and practice, which can effectively prevent counterfeiting and repeated consumption of Bitcoin and protect the identity privacy of users' transactions. In traditional currency, counterfeit money is difficult to identify. Almost all traditional currencies have a large number of users who have suffered losses caused by counterfeit money, and it takes a lot of manpower, material resources and financial resources to crack down on counterfeit money.