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.

In the cryptocurrency market, Bitcoin is the most valuable digital asset and is loved by many investors. However, there are also some scam coins. Scam coins are fake digital assets without real background or value support. They are usually priced at a high price. Returns and getting rich quickly are selling points, and they attract the attention of investors by promising huge profits. Onecoin is one of them. It attempts to use investors' enthusiasm for Bitcoin to commit fraud. Learn what is the difference between Bitcoin and Onecoin. ? It can better help investors identify scam coins, so what is the difference between Bitcoin and OneCoin? Below, the editor of the currency circle will analyze these two issues in detail for everyone.

 What is the difference between Bitcoin and OneCoin?

Bitcoin is a cryptocurrency and OneCoin is a scam coin. OneCoin should be the first scammer coin in the history of digital currency and blockchain. It claims to be the second-generation cryptocurrency after Bitcoin, but it only borrows the concept of Bitcoin, and the code is not open source and does not The issuance volume and transfer records have not been disclosed, and the accounting method is not transparent.

Its issuance is accomplished by attracting people and developing multi-level offline methods. Data shows that the number of OneCoin defrauders worldwide has exceeded 10 million. The police investigation found that OneCoin’s server is located in Denmark. The number of accounts opened reached 10.77 million, and the number of accounts opened in mainland China alone reached 1.47 million. The global amount involved reached 15.8 billion euros, and the domestic funds involved reached 15 billion yuan.

In contrast, Bitcoin is more authoritative in the currency circle. Bitcoin was created in 2009 by a person or a group using the pseudonym "Satoshi".
Nakamoto" and was designed to achieve a decentralized currency system that is independent of the control of traditional financial institutions. The birth of Bitcoin marks an important breakthrough in blockchain technology and will pave the way for future cryptocurrencies. and digital assets.

Bitcoin transactions are encrypted and verified through cryptography technology. The security of transactions is guaranteed by the consensus mechanism and cryptography algorithms of the blockchain network. Although Bitcoin transaction records are public, Bitcoin users still A level of anonymity can be maintained because transactions are not directly linked to real identities.

 Is OneCoin a scam?

OneCoin is a scam. It is a Ponzi scheme disguised as a cryptocurrency. In October 2017, a big event occurred in the encrypted digital currency circle: After OneCoin attracted more than 4 billion US dollars globally, it was known as the "cryptocoin" Queen's Ruja Ignatova
Ignatova disappeared along with this huge sum of money. Finally, on June 30, 2022, the FBI added her to the list of the world's top ten most wanted criminals, offering a reward of US$100,000 for her capture. The wanted notice said she was accompanied by armed bodyguards or accomplices.

During the global cryptocurrency craze in 2014 and 2015, Ignatova’s OneCoin began to provide commissions to buyers to encourage them to promote OneCoin to more people, the FBI
The U.S. federal prosecutor said OneCoin is worthless because the most basic cornerstone of cryptocurrency is blockchain (a kind of database). OneCoin does not have its own blockchain architecture and OneCoin has never been affected by blockchain technology. Protection is basically a Ponzi scheme disguised as a cryptocurrency.

The OneCoin scandal is the product of the combination of encrypted digital currency and pyramid schemes. New technology means a variety of new opportunities and possibilities for those who understand it, including opportunities to bully others and defraud people who do not understand new technology to make profits.

The One virtual currency itself has been hyped from being worthless to appearing to be very valuable. In fact, it has no practical significance. People who have purchased it say it is good because they do not want the One currency in their hands to depreciate, and they also hope that more people will eat it. The Chinese government does not recognize Bitcoin, which is currently popular around the world, let alone a currency independently issued by a company whose source code has not been made public.

The above content is all the answers given by the editor of the currency circle to the two questions about the difference between Bitcoin and OneCoin, and what is the difference between Bitcoin and OneCoin. As the first successfully implemented cryptocurrency, Bitcoin enjoys wide market recognition and liquidity, while OneCoin itself is a scam that deceives investors. Therefore, when investors participate in investments and transactions in the currency circle, they must first What you need to do is to have a comprehensive understanding of the target currency. Faced with the three-no cryptocurrency, you should not believe it or invest in it, because there are very huge risks. Investors should exercise their ability to independently distinguish between true and false information.