What is Bitcoin?
Bitcoin (BTC) is currently the most widely used digital currency. Born on January 3, 2009, it is a digital cryptocurrency transmitted peer-to-peer (P2P) without an intermediary, with a total amount of 21 million coins. The Bitcoin network releases a certain number of Bitcoin every 10 minutes, which is expected to reach its limit by 2140. Therefore, Bitcoin is called "digital gold" by investors.
Based on a specific algorithm, Bitcoin is generated through a large number of calculations, rather than relying on specific monetary authorities to issue it. As a distributed database composed of many nodes in the entire P2P network to confirm and record all transaction behaviors, it uses the cryptography design to ensure the security of currency circulation in every aspect, which can guarantee Bitcoin value cannot be manipulated through the large-scale production of Bitcoin. Besides, this design allows Bitcoin to be transferred, paid and cashed only by the real owner, which protects the anonymity of currency ownership and circulation transactions.
What is Stablecoin?
Literally, stablecoin refers to a cryptocurrency with stable value. Due to the large price fluctuation in the cryptocurrency market, investors need an exchange medium to connect digital currency with fiat currency, and the stablecoin was born.
The most widely accepted stablecoin is USDT. It is a token based on the stable value currency U.S. Dollar (USD) launched by Tether Operations Limited which officially promises 1:1 exchange between USDT and USD, making it a good hedge token in the fluctuating cryptocurrency market.
As a cryptocurrency with relatively stable value, stablecoin provides users with full protection in terms of both asset experience and asset security. Common stablecoins are as follows: