Post
Topic
Board Off-topic
Re: Is bitcoin dangerous ?
by
Digitalbitcoin
on 13/12/2017, 14:50:23 UTC
I personally think that Bitcoin is invention of last 100 years and blockchain is of last 1000 years. But people still don't have understand what is Bitcoin exactly. Without proper information taking dive into decentralized platform which is open source and open for everyone, can make equity loss. 

I'm wondering why bitcoin was made if there are too many currencies in each country, why would anyone add or make a type of currency in the internet? For easier and faster transactions or so ?

Bitcoin is made for making peer to peer transactions, as something which is in form of digits which, can be used to make transaction electronically.

Here are some of specifications of bitcoins

# bitcoin payment is anoymous
# bitcoin is decentralized
# bitcoin is not issued by any
# nobody can increase total supply of

This all feature make it different than other currencies that exist and more attractive too. It gives financial freedom.

Additionally. Bitcoin is a form of digital and virtual currency which can be accessed electronically only and also can be generated by contributing hash power required for mining to verify transactions and to keep blockchain alive. Mining is an open source process of generation of Bitcoins with proof of work.