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7 Karma

Review on Bitcoin by Shalini Saxena

Revainrating 4 out of 5

King of cryptocurrency market

Bitcoin is a cryptocurrency and can be referred to as a type of electronic cash. It is a digital currency which is decentralized. It means that it is without a central bank or any other form of an administrator.
The transactions of bitcoins are verified by different networks of nodes through the cryptography and are recorded in a public distributed ledger which is known as a blockchain.

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Pros
  • Through the use of bitcoins, the buyers can proceed with the payments without disclosing any personal and financial information
  • The bitcoins have also made international transactions comparatively easy. People who use bitcoin can use the same currency in different countries.
Cons
  • If lose private key no way to recover
  • Want techy guys to use wallet

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