Review on Bitcoin by francis fernandez
TITLE: CONTROL OF THE BITCOIN NETWORK
Bitcoin is a cryptocurrency, which despite currently having a high percentage of acceptance and use worldwide as a means of payment and investment alternative by individuals and companies; it is not governed by a government entity, such as a bank or governing body; since the control of the bitcoin digital system is exercised by the same users from anywhere in the world, who must have a common software compatible with uniformity of criteria for the operation of the digital platform.
Pros
- • Users save paying high bank fees and taxes.
- Users are in control of their savings and payments at any time.
Cons
- It is not considered a legal tender; since it is not backed by issuance by a government entity.
- Because it is managed under an online platform, it could be susceptible to security flaws in the software used.
