Hey guys what's up
What is Bitcoin. What is the use of Bitcoin. What is the advantages of Bitcoin
Answers
Each Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain.
Answer:
a way for people to send money over the internet
Explanation:
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
What is the purpose of bitcoin? Bitcoin was created as a way for people to send money over the internet. The digital currency was intended to provide an alternative payment system that would operate free of central control but otherwise be used just like traditional currencies.
8 Pros and Cons of Bitcoin
Pros of Bitcoin Cons of Bitcoin
Accessibility and liquidity Volatility
User anonymity and transparency No government regulations
Independence from a central authority Irreversible
High return potential Limited use
