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Even in a bear market, Bitcoin is still worth $16,000.00 a pop and that figure is simply no joke. Billionaires are buying Bitcoin and the billionaires that aren’t buying it are currently waiting for this bear market to bottom so they can buy it.
Everyone wants Bitcoin BTC and even those who don’t know about it won’t say “no” to you if you suddenly feel like giving them one.
Bitcoin has changed finance across the globe and we think that Toon Finance is the next step. Before anything else, what is crypto currency and what is Bitcoin?
What is Bitcoin BTC?
What is cryptocurrency?
Cryptocurrency is a digital asset that works as a medium of exchange. It uses cryptography to secure and verify the transfer of money and data between parties, making it highly secure. It uses blockchain technology which is a digital ledger of transactions recorded and stored on multiple computers around the world.
What is Bitcoin?
Bitcoin is the first decentralized cryptocurrency created in 2009 by an anonymous founder known as Satoshi Nakamoto. It is the most popular cryptocurrency to date with a market capitalization of over $120 billion.
Bitcoin is used all over the world as a medium of exchange, making it convenient for people to send and receive money with low transaction fees. It is also used as a store of value and increasingly seen as a digital gold due to its limited supply and decentralization.
Why does Bitcoin matter?
Bitcoin matters because it is a secure, decentralized currency that allows users to transact without needing to use a middleman. It offers freedom from government and reduces fees related to finance and financial services.
Bitcoin is more transparent and cheaper making it a go to for large companies and rich individuals alike to save a ton of money especially with fees that have to do with cash.
This token have shown the world a new way to do financing and is now worth over $16,000.00 and the price keeps increasing with Bitcoin BTC finding a new floor price every market cycle.
What makes Bitcoin unique?
Bitcoin is unique because it is the first and most popular digital currency. It enables fast, low-cost payments with no central authority or third party involvement. This makes deals more secure and private, and frankly, a lot cheaper.
Unlike other cryptocurrencies, Bitcoin only has a single purpose: to be a digital currency. This simplifies its use and makes it a more attractive medium for investment. Even though it’s been a problem that Bitcoin is now so expensive that people aren’t using it as a currency as much as intended, it still remains incredibly robust with a lot of supporters making it one of the best investment today.
What are the effects of Bitcoin to traditional finance?
Bitcoin has had a huge impact on traditional finance. It has revolutionized the way people view and use money, making transactions much faster, more secure, and actually transparent.
The problem with traditional finance is that it is marred with bureaucracy, fees and a lot of paperwork. With Bitcoin, these problems are eliminated as transactions are done peer-to-peer and all you need is an internet connection.
There are no use for banks, there is no need for human interaction, as long as you follow protocols and procedures, you are also 100% guaranteed to be safe.
More and more banks are popping up lately and they are exclusively online banks. This is most likely a direct result of Bitcoin and other cryptocurrencies like Ethereum ETH, PLC Ultima PLCU, and Toon Finance Token TFT.
Traditional finance is learning from DeFi or decentralized finance and growing due to it. This is an undeniable proof that Bitcoin’s future is bright when the immovable monoliths of traditional finance starts copying something.
But in order to get Bitcoin, you need to find out where to buy it first.
What are exchanges
An exchange is an online platform that allows users to buy and sell cryptocurrencies. There are a multitude of different exchanges with two categories for the most part, centralized exchange or CEX, or decentralized exchange or DEX.
Examples of centralized exchange are Binance, FTX, and Mt. Gox while examples of decentralized exchanges are Uniswap, Pancake Swap, and Toon Swap.
What is a centralized exchange?
A centralized exchange or CEX is a platform that acts as an intermediary between buyers and sellers. With a CEX, users have to deposit their tokens or fiat currencies into their “accounts” as centralized exchanges are NOT wallets. While centralized exchanges not being wallets are a known fact that is often forgotten, centralized exchanges benefit from you forgetting this fact so there is little to no reminder from them that centralized exchanges are meant to be nothing more but exchanges.
Centralized exchanges are rather dangerous as they NEED to be regulated, this is a must for centralized financial organizations making their actual role for crypto small albeit incredibly important. But despite the need for regulation for centralized exchanges or CEX, there’s barely any and the ones in place become more than nothing but a hindrance and sometimes even helping people like Sam Bankman-Fried evade jail time.
Because of the nature of centralized exchanges, you will always have to risk losing your money every time you make a deposit to your account (remember, it’s not your wallet but your account). This is the exact thing that happened with most central exchanges and the current poster boy for CEXs, Binance, is no exception to this vulnerability.
What is a decentralized exchange?
Decentralized exchanges, or DEXs for short, are platforms that allow users to trade cryptocurrencies without having to deposit their tokens to a “custodian”. Decentralized exchanges do not take a custodian role over your money making things that happened with FTX, Mt. Gox and what will likely happen with Binance in the future an impossibility.
While decentralized exchanges can still be hacked, the damage is absolutely nowhere near what occurs when someone working inside a centralized exchange that they’ve worked long enough in their lives and it’s time to take everyone else’s money.
Why is Toon Finance the future of Bitcoin BTC?
The answer is actually simple, it’s because Toon Finance has Toon Swap which is a DEX or decentralized exchange with its own unique set of features.
Unlike with central exchanges, trading Bitcoin on Toon Swap is safe and secure plus it’s also private. You can protect your Bitcoin while trading since Toon Swap takes a non-custodian role in the first place.
Investors are choosing Toon Swap over others because it has good prospects for the future especially since people can still get in while it’s early despite the fact that the token’s price practically doubled since the start of its ICO and people are still buying.
Why is Toon Finance’s Toon Swap better than other decentralized exchanges?
The answer why Bitcoin’s next level would be listing on Toon Swap and why Toon Swap specifically is because Toon Swap has all the features that other exchanges have but also has Space Battlegrounds which is its own p2e or play to earn aspect which allows for betting.
Players and spectators alike can earn money while playing and earn more with betting. This encourages massive token movement in the exchange making Toon Swap one of the biggest if not the biggest exchange there is once everything has been implemented.
This is obviously the best choice for Bitcoin’s future since it will benefit from secure and private trade while being in an exchange with massive movement.
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