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Review on Bitcoin by Elvin
Bitcoin is the No.1 cryptocurrency which popularity goes beyond cryptocommunity…
Bitcoin is the No.1 cryptocurrency which popularity goes beyond cryptocommunity, nowadays everyone knows about bitcoin. It has problems, but its strong community is always there to solve them. Probably in several years Bitcoin will become the largest alternative to fiat money, but blockchain technology is so much more than that. While we are gradually discovering new possibilities of this new technology, it becomes clear that soon we're going to need other blockchain to become number 1.
Pros
- Strong, large community of programmers driven by theirs common idealistic vision of future, fast(SW activated, LN activated, Schnorr is on the way), low transaction fees
Cons
- Bitcoin is "blockchain 1.0", no smart-contracts, no dapps, mining, not enough privacy
