Review on Bitcoin by saly raybon
bitcoin
Bitcoin was a combination of creativity, overcoming legal barriers, and eliminating intermediaries in various financial and banking affairs that made financial transactions possible at the international level. Bitcoin and other cryptocurrencies are lines of computer code that are worth the money. These password lines are generated by powerful computers and consume a lot of electricity.
Cryptocurrencies are also called digital currencies. These currencies are a form of digital currency created by complex mathematical calculations. There are several reasons for the popularity of bitcoin and its peers. With the help of this digital currency, they pursued their criminal activities away from the eyes of observers and the law. Another important point that led to criminal acts in this context was the lack of government oversight and tax evasion of assets in the blockchain platform.Bitcoin and other cryptocurrencies are tools that have a lot of potential. If you look closely at the word tools here, you'll see that cryptocurrencies can create very positive or unfavorable capacities in the world. Because they are a tool for transactions in the world of business, taxation, and economics, they can be used to judge whether they are positive or negative.
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Pros
- Transactions without recipient and sender information
Cons
- Low transaction speeds compared to other currencies
