Review on Bitcoin by lala frehan
bitcoin
Bitcoin is a digital and non-physical currency that is known as the first digital currency or cryptocurrency introduced to the world and you will be able to use this digital currency to buy and receive goods from anywhere in the world, immediately and without delay and without any need. Pay no bank, exchange or intermediary payment system.
Bitcoin is the world's first cryptocurrency or decentralized currency. Bitcoin's decentralization means that the network operates without the intervention or control of any management entity or central authority. To date, more than 11 years have passed since the network was launched, and no problems have been reported so far.
Due to the existence of a transparent network where millions of users monitor all transactions and production of bitcoins at any time, the possibility of forging this money is practically zero. In this way, you can be 100% sure that no bitcoin will be produced without the specified process and outside the existing system and will not be added to the network, and there is no possibility of fraud in the extraction or trading process. In this network, it is clear exactly when and where each bitcoin was produced and in which directions it has moved in the course of transactions.
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Pros
- Bitcoin transactions are non-refundable
Cons
- limited supplies
