Review on Bitcoin by Djokic Jovan
A cryptocurrency that never took me by surprise.
The best and most valuable cryptocurrency in the world is bitcoin.
Bitcoin is created through mining, and its maximum number is twenty-one million pieces.
Its great advantage is anonymity, compared to banks.
The disadvantage of mining is that it consumes a little more electricity.
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Pros
- Speed
- Anonymity - These days, banks know practically everything about their clients: credit history, addresses, phone numbers, consumer habits... It is different with bitcoin, because the wallet does not have to be tied to any personal information.
- No one but bitcoin users can withdraw any amount of bitcoin from their account
Cons
- The price of bitcoin varies. The price of bitcoin changes from day to day, tomorrow the price may jump, but it may also fall, it is not known.
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Comments (1)
June 07, 2021
Let me just add that Bitcoin is a decentralized P2P network. It is not managed by an individual institution or person, and bitcoin is not controlled as a network, but gives its users complete control over its finances.
