euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that
solves mathematical problems
Important features:
Decentralized : The bitcoin network isn’t controlled by one central authority. Every machine that mines bitcoin and processes
transactions makes up a part of the network,and the machines work together.
Easy to deploy : Setup Bitcoin Address in seconds, no questions asked, and with no fees payable.
Anonymous : Well, kind of. Users can hold multiple bitcoin addresses, and they aren’t linked to names, addresses, or other
personally identifying information.
Transparency : The Bitcoin maintains Blockchain where it stores details of every single transaction that ever happened in the
network in a huge version of a general ledger.
No Transaction Fees for international transfers.
Fast :You can send money anywhere and it will arrive minutes later, as soon as the bitcoin network processes the payment.
Non-Reputable : When your bitcoins are sent, there’s no getting them back, unless the recipient returns them to you. They’re
gone forever.
