The owner of each address can spend their bitcoins – but be careful!

in gjdkhls •  2 years ago 

Bitcoin offers several important benefits to users including privacy, security, immutability, and global acceptance.

Bitcoin is private: Transactions are confirmed anonymously between users through complex cryptographic signatures ensuring that only the owner of each address can spend their bitcoins.

Bitcoin is secure: The protocol has never been hacked in almost 10 years since its inception despite intense scrutiny from both experts and malicious actors alike.

Bitcoin is immutable: Transactions are recorded on a distributed public ledger called the blockchain which is tamper-proof and cannot be altered or deleted.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!