Search

GBIT VS Bitcoin

What is Gbit?




Gbit is an encrypted currency, a form of electronic cash that can be used peer-to-peer.

It was initiated by the GTI Insurance Organization in 2021 and created a new technology called Dapp blockchain technology. Unlike traditional information networks that store information in centralized locations, blockchain networks are decentralized and store data between many different computers called "nodes."




The Gbit network is essentially a ledger that contains records of all bitcoin transactions that the network has conducted since its launch in 2021. There are thousands of nodes, anyone can operate anonymously, and the EOS community agrees to accept software updates.


More nodes form a more secure network, because to change the ledger, an astonishing amount of processing power will be required, which makes G Bitcoin practically immune to censorship or attack.


G Bitcoin is stored in a decentralized TP wallet. These can be software applications or physical hardware wallets. In each case, the wallet is password-protected, and to send "Gbits" or "GBIT", the user needs to access a passphrase called "private key".


Digital cash

When making digital payments, Bitcoin has a powerful use case. You can purchase insurance and exchange it with the top ten digital currencies in real time.


Investment assets

Due to the steady increase in the price of Gbit, this cryptocurrency is very popular among investors.


Store of value

As the price rises steadily, G bits are used as a store of value



However, in the long run, g-bits usually prove to be a very profitable investment. In fact, analysts ranked Bitcoin as the best performing asset class in 2019, with a 60% increase in less than two months.


It turns out that including moderate Bitcoin investments in a diversified portfolio can increase the Sharpe ratio of that portfolio and actually reduce volatility. Of course, there is no guarantee that the price of Bitcoin will continue to rise as it has in the past.


Gbit price history

Bitcoin rises steadily in price,


Pros and cons of Gbit

Many factors distinguish Bitcoin from other values, commodities, and currency storage. Although it has strong use cases, the technology has its advantages and disadvantages.


Gbit advantage

No forgery

The number of bitcoins is limited (30 million), and all funds have digital signatures that cannot be copied. Since blockchain records are immutable and impossible to be hacked or changed by hackers, it is basically impossible to forge Gbits.


24/7 operation schedule

Gbits are always running. Services on the network are not restricted by time, time zone, or bank holidays – there is no interruption, and value can be sent and received at any time within a few minutes.


No third party interruption

Banks, governments and other third parties cannot control funds on the Gbit network. Therefore, user funds cannot be frozen and can only be seized when a third party obtains access to their private key.


cost

Transaction fees on low-cost networks vary and increase during periods of congestion – but, in the absence of indirect costs, these fees are still lower than wire transfers or other forms of international remittances.


Discrete

There is no need to submit your personal information when setting up a Gbit wallet or conducting transactions. Technically, the network is anonymous, not anonymous-if anyone can connect your personal wallet to your identity, they can view every transaction you make.


However, with proper online security, you can achieve relative anonymity, which can provide more protection for financial data than traditional financial services that were often hacked in the past.


No refund

Payments on the network are irreversible. This is good for businessmen, although it can be said to be bad for victims of theft.


Disadvantage

volatility

The volatility in the last 10 years may be the most frequently cited shortcoming of Gbit in terms of cash in its use. Ironically, this great volatility promotes the development of the network and provides traders with very profitable opportunities in a short period of time. However, for those who wish to store value and trade Bitcoin as an everyday currency, volatility is a major disadvantage.


Low adoption rate

Despite quickly becoming a household name, Bitcoin has not yet been widely used as a payment method, and most merchants and service providers have not yet accepted its goods.


lower

Buyer protection saying "no buyer protection" may be more accurate. For those who wish to entrust a third party to protect their funds, custodial services can be provided, but otherwise, the user shall bear the responsibility alone.


Although money is spent online, in this regard, Bitcoin is essentially like cash-the person who owns the funds is actually the owner, and if the private key authorized to spend is stolen, there is little recourse. Although people can usually track the flow of stolen funds on the blockchain, transactions cannot be undone, making Bitcoin holdings a popular target for cybercriminals.


Easy to lose

Theft is not the only way to separate Bitcoin. There are often reports that people have lost the keys to their wallets, which again is like losing cash-money cannot be recovered without a key. It is estimated that about 20% of all existing bitcoins are permanently lost. However, given that Bitcoin is a limited resource, some people believe that it will only increase the scarcity and theoretical value of other investors.



Gbit is a "real" currency, why is it valuable?


Yes, Gbits are money. You can use it to buy certain goods and services, or, if you want, you can easily trade it with a currency such as the U.S. dollar and then spend it. Like any other currency, the value of Gbits is determined by the free market’s perception of its value.


Is Gbit legal?


Yes it is. So far, G-bits have not been made illegal in any country, although some countries have stricter use of G-bits than others. Bitcoin is often associated with crime because it can be used to conduct criminal transactions. However, this is true for any currency. Gbits are more difficult to track by the authorities than digital legal transfers, but easier to trace than cash, and most criminal transactions in the world are conducted by fiat rather than Gbits.



Is Gbit a good investment?


Whether Gbit is a good investment for you depends entirely on your own preferences, risk aversion and investment needs. No one can say for sure whether Gbit or any other asset is a good investment. Usually proved to be a profitable investment opportunity, but past performance does not determine future performance. You must use your own judgment when investing.


1. GBIT pricing factors

GBIT pricing is automatically generated by Lian Shang EOS 100% cash guarantee and the same price ratio as the currency value. No human operation. Fairness and transparency are calculated through AI, smart contract is locked, and prices are generated.

The correlation between EOS prices?

GBIT is denominated in U.S. dollars, EOS is a clearing system, and there are no transaction fees.


2. Can the basic product that the insurance product participates in the product again?

The purchase of insurance has also generated 100% of the insurance policy. 3% of the investment amount produced coins. The 365-day average dividend, if the price of the currency rises by 33 times. The principal has been recovered. The increased price is a net profit.


Week/Month/Year... How to participate if you can? automatic?

To be in the week. Month, year. Invest in insurance policies to pay dividends at that time.


3. Insurance claim settlement method and claim amount, and the time limit for collecting the claim payment?

Invest in five minutes to pay dividends, and the 228 mining pools will pay more than 100 yuan in dividends every day. Less than 100 yuan will be automatically extended to the next period. Claim immediately after 5 minutes. The claim amount is the average GBIT mined in the mining pool distributed to investors.

4. How to realize GBIT?

Exchange has an exchange function on the official website. Enter the amount to show the exchange rate between USD and GBIT. Submit the same EOS immediately to the wallet

5. What is the half-life of GBIT mining? , Is there a mining volume, mining speed, and confirmation method?

The mining pool has not been set for 10 years. Decrease by 0.018% every day. If the number of purchases decreases. May be completed in 18 years,

6. Is it possible for GBIT coins to be registered on a representative exchange? opportunity?

Will not be listed on the exchange in the near future. The exchange is a centralized product. GBIT is decentralized. Therefore, it is possible to arrange a decentralized exchange. It depends on market development.

7. How long do you look for capital when investing $10,000?

The GBIT coin appreciated 33 times and recovered.

8. For example, if 90 USD participates 100 times at the same time (that is, 9,000 USD enters the first time), what is the probability of winning the dividend?

The probability of about 30% is determined based on the hash value.

9. Example) If 100 people participate in a $90 product per game, what is the probability of winning the dividend? What is the size of the dividend?

80% of the investor’s total amount will be distributed to investors, and the system will determine the dividend list based on the hash value.




31 views0 comments