Many people are attracted by the independence and pseudo anonymity of Bitcoin. But its convenience, speed and cost are not always as attractive as people hope. The main advantage of using Bitcoin to pay is that you don't need a middleman
Because of its independence and pseudo anonymity, many people are attracted by Bitcoin. But its convenience, speed and cost may not be as pleasant as people think. In this article, we have outlined the most common advantages and disadvantages of Bitcoin.
BitDAO is currently one of the largest DAO in the world. At present, it is mainly supported and assisted by Peter Thiel, Founders Fund, Pantera, Dragonfly, Spartan, Bybit, etc. Among them, Bybit promises to make regular contributions to BitDAO's treasury every year. According to statistics, only Bybit's contribution to BitDAO will exceed US $1 billion in 2022.
If you decided to buy some bitcoins a few years ago when others were wondering if it was worth investing in them, then today you can already reap the benefits of that wise decision.
In short, Lightning Network is a layer 2 payment protocol built on Bitcoin Network to solve the problem of network congestion. The idea is to open a "green channel" outside the blockchain and conduct a large number of high-frequency and small transactions outside the blockchain.
Bitcoin has the mathematical characteristics of money (durability, portability, interchangeability, scarcity, separability and identifiability), but it does not rely on physical characteristics (such as gold and silver) or the trust of the central authority (such as fiat currency).
