Bitcoin (₿) is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto and released as open-source software in 2009. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
Bitcoin has been criticized for its use in illegal transactions, its high electricity consumption, price volatility, thefts from exchanges, and the possibility that bitcoin is an economic bubble. Bitcoin has also been used as an investment, although several regulatory agencies have issued investor alerts about bitcoin.
Also, the Billion Coin (TBC) is a crypto currency like Bitcoin; but unlike Bitcoin, it is decentralized. It operates in its own structure and formula which depends on the total number of users for its growth and value. The value of TBC increases by 1-5% daily, meaning your investment in it appreciates by 1-5% daily. TBC is not in coinmarketcap because it is a decentralized, abundance-based crypto currency and not a centralized, market-based crypto currency.
Bitcoin and other open market altcoins attain market value through capital invested into it by trade or mining so that it can be quoted in public exchanges and logs. They are ranked in order of market capitalization. TBC uses ‘anthropic’ value instead of market value. That’s why it’s on no exchange and its price can function as desired.
Most of the open market coins are very unpopular because their inventors did not have a distinct purpose for them. They have to compete with bitcoin and each other. Coins like TBC are popular because they have something to accomplish. TBC’s aim is to blow up and end poverty.
Choose from the options which of the coins is more preferable to you
For now, bitcoin enjoys a huge lead over the competition, at least in terms of market cap. With a market cap of $10 billion dollars as of writing this article, bitcoin is about ten times as large as the closest competition. Still, one day Ethereum, Ripples, Litecoin, dash, Dogecoin,Steem, Litecoin, or another contenders could steal the crown.