In the world of cryptocurrency, Bitcoin has always been hailed as the "gold standard" and has an unshakable position. Its inherent competitive advantages make other altcoins far behind, which makes people wonder, what makes Bitcoin so unique? Let's uncover the four major advantages of Bitcoin and explore how these advantages kill altcoins and highlight Bitcoin's absolute dominance.

The first advantage of Bitcoin lies in its decentralized nature. In the world of digital currency, decentralization has always been a highly respected feature. As a product of the first generation of blockchain technology, Bitcoin is maintained and managed by a group of spontaneous communities without a centralized management agency, which makes Bitcoin more transparent and fair in the market. For example, when the Chinese government announced a ban on ICOs and digital currency exchanges in 2017, Bitcoin was not greatly affected because its decentralized nature made it not controlled by any government or agency. This unique feature makes Bitcoin more risk-resistant in the market and becomes the first choice for investors.

Secondly, the scarcity of Bitcoin is also a weapon for killing altcoins. According to the design of Bitcoin, its total amount is set at 21 million, and as time goes by, the difficulty of mining continues to increase, causing the output of new Bitcoins to gradually decrease. This scarcity design makes Bitcoin more like a "digital gold" with the properties of risk aversion and value preservation. In contrast, many altcoins cannot compete with Bitcoin due to excessive issuance, which leads to inflation and continuous decline in value. For example, when Bitcoin fell sharply at the end of 2018, many altcoins fell continuously, their market value plummeted, and they were almost unable to recover.

In addition, the security of Bitcoin is also one of its competitive advantages. As the first cryptocurrency, Bitcoin has undergone years of development and improvement, and its underlying technology is extremely safe and reliable. Bitcoin's blockchain uses the SHA-256 algorithm to ensure the security and immutability of transactions. In addition, the computing power of the Bitcoin network is also the most powerful in the world, and attacking the Bitcoin network is almost an impossible task. This high level of security has attracted more and more institutional investors and individual investors to join the ranks of Bitcoin holders, further consolidating Bitcoin's position in the world of digital currencies.

Finally, as a globally universal digital currency, Bitcoin's liquidity and convenience are also its unique competitive advantages. No matter where you are, as long as there is an Internet connection, you can trade and transfer Bitcoin. This globalized nature makes Bitcoin the preferred tool for cross-border transactions and cross-border payments. For example, in some countries where currencies are devalued or politically turbulent, Bitcoin has become a safe haven option for people, and its liquidity and convenience have been fully demonstrated. In contrast, many altcoins have limited scope of use and insufficient liquidity, making it difficult to be widely used worldwide.

In summary, Bitcoin has firmly occupied the dominant position in the digital currency market with its four major advantages of decentralization, scarcity, security and global versatility, killing many altcoins and showing its unique competitiveness. In the future digital currency world, Bitcoin will continue to play its leading role and lead the development direction of the entire industry. The four major advantages of Bitcoin are enough to make people confident in its future, firmly hold and believe in the long-term value of Bitcoin. May the light of Bitcoin never go out, illuminate the way forward, and lead the future of digital currency.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Konrad Graf, a Bitcoin currency theorist, believes that Bitcoin is superior to other cryptocurrencies in several key areas, which almost guarantees its future success.

In an interview published on January 1 in Eurasia Review, Graf highlighted several inherent "competitive advantages" of Bitcoin. Graf seeks to increase understanding of Bitcoin through academic papers that go beyond the scope of its mechanism of action and can be discussed within the broader economic system.

Scarcity

He believes that Bitcoin outperforms other forms of currency and other cryptocurrencies, largely due to its fixed supply. Graf concluded, "Bitcoin's greatest competitive advantage is its ability to limit issuance." Specifically, Bitcoin's supply cannot be manipulated, nor can its maximum issuance be changed to dilute Bitcoin.

No entity, no matter how powerful its computing power is, can reduce the value of existing Bitcoins held by depositors by increasing the supply. This is in stark contrast to cryptocurrencies with variable supplies such as Ethereum and XRP.

Apolitical

This makes Bitcoin immune to political factors.

He said that for most people, this is a mysterious place where some of the most competitive applications can be found. Not only can it become a currency that is not affected by political factors, but it can also become a direct competitor to the SWIFT system.

Graf believes that in a world where conventional systems are politicized, Bitcoin has the advantage of being neutral because it is not controlled by any power, which means that anyone can participate.

Technical strength

Graf believes that Bitcoin's technical strength compared to major altcoins has made it the leader of the crypto market for many years.

Data from the Bitcoin blockchain shows that the hash rate of the Bitcoin network is more than an order of magnitude ahead of other crypto networks.

This also distinguishes Bitcoin from altcoins that are very similar to it. Because although the principle is the same, Bitcoin's hash rate dwarfs other cryptocurrencies.

No entity

In terms of centralization, the ultimate advantage of Bitcoin over some "entity" blockchains is that there is no weakness that politicians can target.

This benefit became even more obvious in 2019, when Facebook's planned crypto project Libra was criticized by governments and regulators around the world. Facebook CEO Zuckerberg had to attend a congressional hearing to dispel the government's idea that Facebook's proposed stablecoin would lead to a monopoly.

Graf said that with Bitcoin, “no CEO can be asked to go to Washington for questioning.”