Monday, 13 April 2020
Bitcoin in details
Bitcoin
Technology has made an greater effect on human beings it has changed our way of living and has also impacted on our daily life. There are 195 countries in the world today and each country has their own cultures,heritages and most important "currency".
For example, America has USD ($), India has INR (₹) and many other countries have their respective currency's But, apart from that there is also one currency the "Cryptocurrency"
It is the digital asset designed to work as a medium of exchange that uses cryptography to secure financial transactions and also verify the transfer of assets and one of it's example is "Bitcoin".
ADVANTAGES
a} It has Greater liquidity than any other cryptocurrency
b} It has been observed that acceptance of bitcoin as payment has increased widely
c} It has mad International transactions easier than regular currency's
a} Their are chances of exposure to BTC scam or fraud
b} There are no chargeback's or refunds
c} It also has some environmental ills in mining of bitcoin
It is being said that there are neraly 18,209,525 bitcoins in existence, If the exchange platform gets collapsed than the value of the virtual currency may change quickly reducing the value of your investment, and. losing your money. So we can conclude that bitcoins has future but investing money in bitcoin is risky.
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