Bitcoin VS Bao Finance
Bitcoin is the first cryptocurrency that was created by Satoshi Nakamoto in 2009 in response to the financial crisis of 2008. It quickly became popular because of the idea which vehicle but also the growing enthusiasm of the community for trading or crypto project. Its success has inspired many other projects such as Ethereum or Ripple. Bitcoin is now considered the mother currency of the entire crypto ecosystem and its price has a huge impact on the entire market.
Bao Finance is a decentralized blockchain based financial system that has no central authority. It uses the bao token, which is an ERC20 compliant cryptocurrency and smart contract platform to make transactions on its network. Transactions are verified by bao tokens, as well as baos node operators, who have their own bao tokens and can be rewarded for verifying transactions in baos ecosystem.
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