Why does bitcoin stand out from thousands of cryptocurrencies?

Bitcoin is the first distributed account book successfully deployed through the blockchain. Since it was established, many other projects have replicated this technology and have achieved success in a way. With the upgrades of Segwit and Lightning Network, the efficiency of the Bitcoin blockchain will greatly increase.

This top one cryptocurrency is the core of emerging fintech reform, which has become the driving force of financial market reform. It was reported recently that the increase of users of Square app surpassed Venmo, the digital wallet of paypal.

In Africa, Bitcoin is the core of the development of financial technology, and many remittance and payment platforms provide Bitcoin products, although Bitcoin market have the same high volatility as the cryptocurrency market. Therefore, payments become more convenient and ease the pressure of millions people who cannot accept banking services.

Bitcoin price now is unstable. However, it showed its great flexibility in the big market events recently. When other cryptocurrencies fell dozens of points, Bitcoin declined a few points only. As the market is being mature, negative news will not affect Bitcoin trend.

There are also some opponents, such as Buffett and Bill Gates. However, Bitcoin today is accepted gradually in the field of traditional finance. Nasdaq cooperated with Gemini to ensure the security of the Bitcoin transaction structure of the trading platform. Last year, CME (Chicago Commercial Exchange) and CBOE (Chicago Options Exchange) launched bitcoin futures trading successively .