Review on Bitcoin by Amos joseph
Bitcoin in Nigeria and it's unique address
Bitcoin in Africa specifically here in Nigeria did not get recognition until early 2013-14, since the inception of the decentralized currency in 2009 alot have been going on about the new crypto since it was a pioneering currency it acceptance by most Nigerians was actually a topic to deliberate on,when I personally, for the first time saw an article about Bitcoin on a Facebook page around 2015 I did not bother to go through the article I wasn't curious about it some months went by I heard my friends taking about decentralized currency using some terms like crypto, Bitcoin and blockchain, transaction in few seconds. It was from that moment I decided to do some research about Bitcoin had to know when it was initially released knew some interesting stuff about Bitcoin and mining pools.
This article might be of help to some of my friends out there, some fact you shoul know about Bitcoin.
Bitcoin work with a kind of system known as blockchain. The blockchain are control by network of computers which have access to all Bitcoin transaction which allow individual to make transaction to anyone in the world in as much the recipient have a blockchain address and a wallet, what you need to have is a wallet on blockchain and a valid email address then you can fill in some necessary information. An ID will be generated which will serve as your username, and a password have to be created by the users interesting part about Bitcoin address are you can generate as many address as You want when you want to make transaction you don't need to memorize your address as we do sometimes to our bank account number. Receiving and sending of Bitcoin are done in some seconds, your transaction need to be approved before it can be fully use on your wallet.
Updated 4 years ago
Rating changed from 4 to 5
I'm giving bitcoin blockchain a five star rating.
Over decade of active operating in crypto technology, blockchain has proved to be a transparent trust worthy ecosystem for users all over the world globe to conduct a frictionless transaction over the chain.
Security wise it has been hack proof, design with sophisticated computational nodes.
Bitcoin has move features to unvail in the near future, if you're still skeptic on credibility of this chain project I'd say you give it a try today.
Pros
- Bitcoin address are so unique you can generate new address Everytime you want to send or receive Bitcoin from a fellow user.
- No new to memorize bitcoin address as new ones can be generated anytime you need one
Cons
- Address are too bulky to memorize for alot of people.
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Comments (1)
May 16, 2020
In view of the this review, it has clear that Bitcoin allow individual to make transaction to anyone in the world, provided the user have blockchain address and a wallet all you need is your blockchain on wallet and a valid email address, you can fill in some necessary inform and go ahead with your transactions.
