Post
Topic
Board Altcoin Discussion
Re: Advantage of BITCOIN
by
babaya
on 29/08/2018, 01:00:49 UTC
the most important + bitcoin is that it is the most reliable of all. if the cryptocurrency in the world will die, then there will only be 1 coin it will be bitcoin. every day it is harder to get bitcoin and therefore its value increases.
As a new inventions in payment platform we know that Bitcoin has a lot of advantage to us people. Bitcoin transactions are very fast if compared to banking channels. A bitcoin transaction is as fast an e-mail and can be processed with in 10 minutes. Also it can be instantly processed if they are “zero-confirmation” transactions, meaning that the merchant takes on the risk of accepting a transaction that hasn’t yet been confirmed by the bitcoin blockchain. The confirmed transactions are those which takes atleast 10 minutes to process. Credit Card or digital wallet services also provides instant approved transactions services but for this they usually charges a hefty fees, which is not in the case of Bitcoin as mentioned above. Bitcoin has very low transaction fees even for being super fast in terms of processing. What a great inventions, right?