Why Bitcoin?
Why Bitcoin?
With the advent of the digital age, and thanks to Satoshi Nakamoto’s vision, we are witnessing the evolution of a new form of money: Bitcoin - the only legitimate cryptocurrency secure enough for transacting at scale. Liquid, immune to counterfeit, and universal...bitcoin is simply better money.
What is Bitcoin?
An independent store of value
Purchasing power is determined by markets, outside of the control of or manipulation by any single entity
Secure, trusted currency
Bitcoin is immune to counterfeit, and although transactions are recorded on a public, auditable ledger, they cannot be altered.
Sound money
The supply of bitcoin is limited. It retains and accrues value over time and is resistant to inflation.
The best digital cash
Bitcoin is the world’s best money: universal, divisible, and transferable to anywhere in the world.A brief history of Bitcoin
In the order of a few short years, Bitcoin has evolved from magic internet money to the world's best digital currency. In terms of market capitalization, it is the world’s 8th largest currency and is larger than many S&P 500 companies.2008
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El Salvador becomes the world's first country to make Bitcoin legal tender.
Bitcoin payments and payouts
OpenNode supports two ways to accept bitcoin payments and send bitcoin payouts.Lightning Network
The Lightning Network enables instant, lowest-cost bitcoin transactions at scale. Lightning is a “second layer” protocol that makes efficient “off-chain” processing of bitcoin transactions possible.
Why Use Bitcoin?
Universal
Anyone with internet access can send and receive bitcoin, wherever they are.
Private
Bitcoin payments are a transfer of value, not personal data that allows an entity to move money on your behalf.
Trusted
Bitcoin network security has never been compromised, and is growing in legitimacy and value. Interoperable
Bitcoin technology is owned by no one and inclusive of everyone. By design, OpenNode payments are compatible with all Bitcoin wallets.Benefits of Bitcoin for business
Secure and maturing
The Bitcoin blockchain is decentralized and cryptographically sound. A decade on, the network has never been compromised.
Growing adoption
Bitcoin has meaningful consumer and institutional adoption, and benefits from strengthening liquidity and network effects.Global reach
Like the Internet before it, Bitcoin is digital and works flawlessly and efficiently across borders.
Lowest cost payments
With no required intermediaries, no fraud, and no chargebacks, bitcoin payments offer the best economics of any payment method.Instant settlement
Truly instant settlment is made possible by breakthrough technologies, not dependent on legacy infrastructure.
