Bitcoin in simple words makes it clearer for anyone who wants to
invest to make the right decisions. Bitcoin is a digital currency that has been
in the system since the year 2009. It is a currency used for shopping. It is
used just like other hard money types are used. However, the only difference is
that it isn’t controlled by any government or individual. This is what makes it
exciting. Due to its feature of not being controlled, it is not manipulated by
any specific body.
Bitcoin is decentralized
Bitcoin is a p2p or peer to peer
currency that is decentralized. This means that its main location is on a
computer. Due to the fact that it is decentralized, it cannot be over released
and corrupted. Also, there is no one why can claim they can produce more and so
on. So, with bitcoin explained, why
do people care so much about this currency now? The love for bitcoin and its
use are in its perks or features. For instance, when having transactions done
with bitcoin, they happen almost immediately. This means, you do not need to
wait for a longer length of time like with physical cash transactions. This
makes trading with bitcoins very simple and free.
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