Review on Bitcoin by Alovsat Adalatli
Bitcoin
Bitcoin is a digital currency created in January 2009. It follows the ideas set out in a whitepaper by using the mysterious and pseudonymous Satoshi Nakamoto.1 The identity of the man or woman or men and women who created the technology is nonetheless a mystery. Bitcoin gives the promise of lower transaction expenses than regular on-line charge mechanisms and, not like government-issued currencies, it is operated by a decentralized authority.
By mining, you can earn cryptocurrency without having to put down money for it. Bitcoin miners receive Bitcoin as a reward for completing "blocks" of verified transactions which are added to the blockchain.
I had just invested €1,000 in bitcoin which fee $11,000 (€9,790) a coin, which meant I bought about a tenth of a coin and questioning I had bought into this market at a awesome time — one bitcoin used to be well worth nearly $20,000 (€17,799) in December 2017.
Pros
- You can use it for all transactions made with cryptocurrency.
Cons
- it must be hard to own bitcoin because it's getting so much attention
