Special features of Bitcoin

in hive-175254 •  3 years ago 

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Special features of Bitcoin


Companies or individuals who create Bitcoin through Bitcoin mining, a very complex digital technological process, are called Bitcoin miners. According to the restrictions imposed by the Bitcoin source code, only 21 million Bitcoins should be circulating in the world.

What makes Bitcoin unique is that it does not belong to any individual, bank, institution or organization.

Bitcoin's flagship ledger is called a blockchain, and all transactions within that network are automatically recorded in this ledger. As a result, Bitcoin transactions around the world are 100% open to all investors. But the account holder details in the Block Chain ledger are not disclosed in any way. You can maintain a Bitcoin account even under a pseudonym. The network identifies Bitcoin account holders through a special methodology unique to the software.

  • Another unique feature of Bitcoin is the ability to instantly send any amount of money to any country in the world without the assistance of any financial institution or bank. The general rules and regulations that apply when withdrawing or transferring money from one country to another do not apply to Bitcoin transactions. Because of this, no one has to pay service charges or surcharges when trading with Bitcoin.

  • This way, a transaction made with Bitcoin cannot be reversed or recalled. If a wrong amount of Bitcoin is given to someone, the person will have to bear the loss at any other time, except in a voluntary return.

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Greetings dear @tanvik we are talking about the base currency of the crypto world, hence its potential and acceptance by users. Valuable delivery, thanks for sharing

Thank you for your valuable support. Best regards

Greetings @tanvik _
Bitcoin is the pioneer of cryptos , no doubt it has made a lot of money to many people , it is and will be a cryptocurrency to have them among the assets .
Thank you very much for sharing

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Indeed Bitcoin is not like any other financial ledger, should we speak about the ease with which transactions are made possible or the extreme level of transparency, it is simply the best way to go.

Bitcoin is an alternative solution for someone to make one of the instruments to invest . . .