PayPal VS Bitcoin

Previous technologies that inspired Bitcoin include other crypto currencies that failed to reach the majority of the public. Before Bitcoin,there were other currencies that had similar characteristics,but failed due to lack of support. Bitcoin uses the same idea as “PayPal” and internet transaction methods. The difference between PayPal and the Bitcoin protocol is that it has no third party involvement and transactions are very transparent. Unlike Bitcoin,Paypal acts as a “middle man” and takes a percentage of every transaction. With Bitcoin,you are ridding yourself of this unnecessary middle man and avoiding the transaction fees that come with it. Bitcoin takes the elements of other internet transaction methods and condenses it into a way that can be used globally.