1 Level
17 Review
28 Karma
Review on Bitcoin by Muhammad Shakhawat Hossain
Bitcoin is the most popular and the first-ever introduced digital currency…
Bitcoin is the most popular and the first-ever introduced digital currency, created in 2009 as an open source software by the pseudonym Satoshi Nakamoto.Although there are more than a thousand cryptocurrencies in use today, bitcoin is by far the most widely used – the closest cryptocurrency equivalent to traditional, state-minted currencies.
Pros
- Bitcoins protect your identity and money.You can send and receive payments at a very low cost.This can be a big advantage while travelling.Greater liquidity as compared to its peer.Scarcity makes it more precious .
Cons
- It takes Delayed transactions .Dark marketplaces are working towards the damage.No recovery once the private key is lost, its lost forever .Maybe replaced by potential cryptocurrencies.
