Review on Bitcoin by Shahana Parveen Khan
Honest Bitcoin Review
One of the biggest revolution in the financial market we can say is the introduction of bitcoin which is a decentralized digital currency, can be sent from user to user on the bitcoin network.
Basically the best part about bitcoin is that it makes transactions easier and there are also no legal drawbacks.
We can say it is one of the best cryptocurrencies till date and with its introduction it has given the head way to the rest of the cryptocurrencies. The best part is it has channeled a new frontier for cryptos and taken the digital transactions to another level.
Pros
- Cheap transaction fees in terms of international payments
- Secrecy of confidential information
- Elimination of banking fees
- Autonomy
Cons
- Potential for large losses
- Practice of black market activities
- High chances of cyber hacking
- Limited usage
