Review on Bitcoin by Shalini Saxena

Name: Bitcoin
Item: Bitcoin
Rating: 4

June 17, 2019

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