Review on Bitcoin by julia sarin
bitcoin review
Bitcoin is a type of currency, just like gold and silver, which were used by humans for years for trade, which were later replaced by banknotes and later by remittances and banking transactions. All of these tools have played the role of money in human exchange at times in history.
Bitcoin is also a type of money and a means of trading on the Internet, and in this regard it is more like remittances and banking transactions. For many people, the main advantage of Bitcoin is its independence from the governments of the world, banks and companies. No official or power holder can interfere in bitcoin transactions, block bitcoin inventories or impose taxes on them, or forcefully steal people's money.
A user can only see the amount of bitcoin and the steps and results of transactions in their wallet. Behind Bitcoin network processes is a public account called blockchain. This account contains all the transactions that have been processed so far.
ο»Ώ
Pros
- Being decentralized
Cons
- Continuous development
