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Review on Bitcoin by Shalini Saxena
King of cryptocurrency market
Bitcoin is a cryptocurrency and can be referred to as a type of electronic cash. It is a digital currency which is decentralized. It means that it is without a central bank or any other form of an administrator.
The transactions of bitcoins are verified by different networks of nodes through the cryptography and are recorded in a public distributed ledger which is known as a blockchain.
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Pros
- Through the use of bitcoins, the buyers can proceed with the payments without disclosing any personal and financial information
- The bitcoins have also made international transactions comparatively easy. People who use bitcoin can use the same currency in different countries.
Cons
- If lose private key no way to recover
- Want techy guys to use wallet
