Review on Bitcoin by jood walton
bitcoin is too valueable
Bitcoin introduces itself as a digital currency that was invented in 2009. Satoshi Nakamoto is a person behind the creation of Bitcoin, but his identity has not yet been confirmed. Bitcoin's current market capitalization has exceeded $ 134 billion. Bitcoin guarantees lower transaction costs and is managed by a decentralized institution of power compared to online payment systems.
One of the pioneers in the use of peer-to-peer (P2P) technology was Bitcoin. The use of P2P technology greatly boosted bitcoin because it made instant transactions realistic. The Bitcoin network is made up of individuals and companies (known as "Bitcoin miners") and they are the ones who use their computer power and receive bitcoins as a reward. Bitcoin mining is the most fundamental process in the Bitcoin network. All transactions that occur on the network are verified and processed into public data, so-called "blockchain". And as mentioned, this is the only way for new bitcoins to be released
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Pros
- Rare and valuable
Cons
- Exposed to illegal activity
