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Bitcoin vs. CovidCoin

WHAT IS CRYPTOCURRENCY?

CryptoCurrency is a digital currency created to be used as a median for exchange.​

WHAT IS BITCOIN?

Bitcoin is a CryptoCurrency, it can not be printed, and it is distributed electronically. Furthermore, it is based on a peer to peer network, which mean no single person or organization can control it.
Bitcoin is limited to 21 million coins only.
We got you a useful video from cointelegraph.com that explains what is Bitcoin (BTC).​

Main Difference:

The main difference between Bitcoin and CovidCoin is the concept of the coin. 

People buy Bitcoins to invest, and to use it in performing payments.

CovidCoin is not an investment coin. It is a coin used to perform payments just like physical money, and it is created to offer jobs to the ones who lost their jobs due to the Covid-19 pandemic. People who lost their job can take part in supporting the world economy by keeping the circulation of money ongoing, and at the same time they can earn money by creating a network of vendors and individuals who trade with CovidCoin. Price of CovidCoin is fixed, for that reason, coronavirus pandemia or any financial crisis cannot have effect on the coin’s value. CovidCoin is meant to help all who are negatively affected by the virus, unlike Bitcoin, which is mainly a risky asset.

Bitcoin CovidCoin

Decentralized

Yes

Yes

Person to Person Payment (P2P)

Yes

Yes

Digital Wallet to send & receive coin

Yes

Yes

Discrete Transactions

Yes

Yes

Can be used globally

Yes

Yes

Anyone can use it for free
No paperwork required

Yes

Yes

Mining

Yes

No

Maximum number of transactions per second

7 Transactions

Infinite

Fee for sending 10 USD

1.44 USD

Free

Fee for sending 10,000 USD

3.35 USD

Free

Transaction confirmation time

Up to 3 hours

Few minutes

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