Since the invention of cryptocurrency in 2009, there has been such a buzz on the type of crypto to buy. With bitcoin being the first-ever cryptocurrency to be used, it has become a more popular choice.
However, other cryptocurrencies are giving bitcoin a run for their money. Cryptocurrencies such as USDT have emerged as a good form of cryptocurrency.
This fact has left many people wondering whether to exchange 1 BTC to USDT. This article offers a review of the two forms of currencies -read on to get the full insight.
Tether (commonly referred to as USDT) is a blockchain-based cryptocurrency whose blocks are backed by an equivalent amount of U.S. dollars. It means that one unit of USDT is priced tagged at USDT $1.00.
It is a stable coin type of cryptocurrency whose main goal is to keep its crypto valuations stable and avoid the volatility of the crypto. It was invented to act as an intermediary between normal currencies and cryptocurrencies though one cannot exchange tethers for the U.S. dollar.
Why Trade USDT?
Comparing BTC to USDT, the latter offers many benefits compared to other forms of cryptocurrencies. These benefits have made tethers survive in this fast-growing field of cryptocurrencies. The following are some of the reasons you should acquire tether:
They offer low transaction charges to users – the fees charged for transacting in USDT are low compared to other forms of cryptocurrency. This low fee is because of its high liquidity in the cryptocurrency market.
They offer stability to users – this is mainly because its value is pegged against the value of the U.S. dollar hence maintaining a constant ratio in terms of its value.
They offer transparency to its users – the transactions done over tether network are open, quicker, and cheaper when transferring BTC.
As the first cryptocurrency, bitcoin has garnered a huge fan base over the years. It is the most popular and preferred form of cryptocurrency in the market. Computers create Bitcoin with CPUs that have high computational power in a process known as mining.
It was originally invented to act as an alternative to the normal currency. It can be used as a medium of exchange and a store of value. It works well in a peer-to-peer network of the transaction system.
Why Choose BTC to USDT?
It is more accessible – bitcoin is the most popular form of cryptocurrency, and it is controlled by the decentralized authority hence independent and more liquid.
It has more exchanges – BTC is by far the most liquid form of cryptocurrency and has a much larger value than any other crypto.
Since its establishment, the number of users mining BTC has greatly increased. This fact speaks volumes on its high level of trust and even stability.
More hardware and software to support it – as a more developed form of cryptocurrency, BTC has many software and hardware to mine, hence the best option for many.
What is Masternode in Crypto?
A crypto masternode is a part of the hardware collection used to maintain cryptocurrencies. They verify new blocks in the network and are tasked to do special roles in governing the blockchain. However, it is important to note that Masternodes do not add new blocks of transactions to the blockchain.
It helps validate transactions in a network and acts as a governing hub in the network. Most of them require a starter token to start operating.
In the cryptocurrency world, no currency is better than the other. Most of these currencies are there to serve a specific objective. When one wants to buy a certain cryptocurrency, they have to evaluate the process involved, the impact of the venture, and finally, the outcome. Also, it is important to note that every mining infrastructure has a crypto masternode.