Review on Bitcoin by Koobi toobi
Btc
Bitcoin is a decentralized network, and there is no specific institution or person responsible for verifying transactions or monitoring the network, and this role is played by miners to maintain the security and sustainability of the Bitcoin network. As the number of miners increases, the security and stability of the bitcoin network and, on the other hand, the difficulty of extracting bitcoins increase.
Bitcoin is actually a computer code or code that is obtained by heavy calculations and time on mathematics.
Bitcoin production requires computer devices called miners and a lot of time and electricity. These devices generate a lot of heat.
๏ปฟ
Pros
- no need to third person
Cons
- slow transaction compare bank transactions
