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Test

The next important point in the Bitcoin vs Diem comparison refers to the ways in which you can use cryptocurrencies. As of now, there is no existence for Diem because it has not been released officially. However, it could serve as the preferred digital currency for purchasing and trading on Facebook, WhatsApp as well as other properties of Facebook. In addition, members of the Diem Association might also come on board for supporting Diem.

The other player in this comparison, Bitcoin, is available for use to anyone at any location in the world. Interestingly, Bitcoin does not depend on any particular organization or platform. Two people with Bitcoin in their digital wallets could send Bitcoins to each other with someone to validate the transaction with the help of mining.

Bitcoin can support trading on exchanges alongside direct trade websites and exchanging entire wallets. The Diem Association would ultimately exert control over the use of Diem, which is not the case with Bitcoin. Therefore, it can also be suitable for ransomware blackmail as well as purchasing illegal items on the dark web. The lack of a formidable regulatory infrastructure makes it vulnerable to use for illegitimate purposes.

Bitcoin can support trading on exchanges alongside direct trade websites and exchanging entire wallets. The Diem Association would ultimately exert control over the use of Diem, which is not the case with Bitcoin. Therefore, it can also be suitable for ransomware blackmail as well as purchasing illegal items on the dark web. The lack of a formidable regulatory infrastructure makes it vulnerable to use for illegitimate purposes.


The post Test appeared first on 101 Blockchains.

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Author: Amit Kumar

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