1 Level
11 Review
17 Karma
Review on Bitcoin by Roger Sandoval
Bitcoin is the revolution in currencies like 2.0 version / future of fiat…
Bitcoin is the revolution in currencies like 2.0 version / future of fiat currency. Bitcoin blockchain works perfectly but its old and confirm transaction very slowly. Bitcoin acquire almost 50 % market share of total cryptocurrency market. Bitcoin works in real world like integration bitcoin accepted here and Bitcoins ATMs are running in many countries.
Updated 5 years ago
Rating changed from 3 to 4
In recent Few Months, we can see huge demand of bitcoin happened in market and price is rised very well. Majority of people still unaware from bitcoin, if they all knows then the price of bitcoin maybe boom very fastly.
also, Mr. Mchenry said in his conference that Bitcoin is unstoppable force.
Pros
- Bitcoin is the first peer to peer decentralized cryptocurrency which created by satoshi nakamoto in 2009. Bitcoin works on proof of work and SHA256 algorithms. From Bitcoin can send any amount of bitcoins worldwide to any address with minimum charges. Bitcoin current market cap is more than 100 billion usd. Hacking the bitcoin network or blockchain is nearly impossible. Bitcoin is accepted everywhere and bitcoin atms are established everywhere.
Cons
- Bitcoin transaction speed is very low, it takes almost 30 minutes to confirm the transaction. Bitcoin transaction fees is quite higher than other cryptocurrencies. there is no updates on bitcoin blockchain. Bitcoin runs on old 2.0 blockchain technology. Bitcoin can use for illegal activities also like money laundering.
