🔹 BITCOIN 🆚 CRYPTOCURRENCY🔹 Bitcoin DXB - Episode 4 🎙️️ With special guest Justin Harper 🔥
Blockchain DXB
Shownotes Transcript
Bitcoin DXB - Live via LinkedIn****Session 4: Bitcoin vs Cryptocurrency
Hosts: Justin Harper & RA GeorgeDate: 27th MarchTime: 10:00 AM GST (30-45 mins)Location: LinkedIn Live
Justin Harper and RA George explore Bitcoin vs. cryptocurrencies, covering definitions, forks, categories, and key developments shaping digital assets.
- Bitcoin: A decentralized digital currency enabling peer-to-peer transactions without banks, using its blockchain.
- Cryptocurrency: A broader category of digital assets secured by blockchain, independent of central authorities.
- Bitcoin is the most recognized, but thousands of altcoins exist (Ethereum, Solana, Cardano, etc.).
- "Anything that isn’t Bitcoin is called an altcoin!" – George.
- Over 100 forks, including Bitcoin Cash, Bitcoin Gold, and Bitcoin Satoshi Vision.
- Why do forks happen?
- Community disagreements
- Smart contracts, privacy, or block size improvements
- The biggest split occurred in 2017 (Bitcoin Core vs. Bitcoin Cash).
- Future forks? Institutional involvement (BlackRock, governments) could lead to new ones.
- Layer 2 solution for faster transactions (up to 1M TPS).
- Works like a bar tab: open & close channels.
- Concerns: Centralization, slow adoption.
- El Salvador adopted Bitcoin as legal tender using Lightning Network.
- Altcoins – Compete with Bitcoin (Ethereum, Solana, Cardano).
- Stablecoins – Pegged to fiat (USDT, USDC, DAI).
- Utility Tokens – Provide access to services (Chainlink, Uniswap).
- Meme Coins – Speculative, community-driven (Dogecoin, Shiba Inu).
- Privacy Coins – Enable anonymous transactions (Monero, Zcash).
- CBDCs – Government-issued digital currencies.
- Security Tokens – Tokenized real estate & stocks.
- Governance Tokens – Used for decentralized decision-making.
- Gaming & Metaverse Tokens – Power virtual economies.
- DePIN Coins – Decentralized infrastructure tokens.
- AI Tokens – Emerging AI-focused assets.
- Citycoins – Used by cities to mine Bitcoin or other assets.
- Mysterious origins (Satoshi Nakamoto remains anonymous).
- Decentralized (No central control or CEO).
- Fixed Supply (21 million BTC, making it deflationary).
- Secure (Strongest blockchain with the longest history).
- Resilient (Survived crashes, bans, and technical challenges).
- Bitcoin Risks: Volatility, regulation uncertainty, technical complexity.
- Crypto Risks: Scams, centralized control, security vulnerabilities.
- The Bitcoin vs. broader crypto divide is growing.
- Bitcoin remains the most decentralized, while altcoins introduce innovation.
- Institutional interest (BlackRock, governments) is shaping the next phase of digital assets.
- Will Bitcoin remain dominant, or will crypto adoption shift?
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