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.
In a sense, Bitcoin mining (more commonly known as proof-of-work mining) is the process of "guessing" what the next block in the Bitcoin blockchain might be.
Bitcoin provides an efficient way to transfer money over the internet and is regulated by an open and transparent decentralized network, unlike traditional fiat currencies controlled by central banks.
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.
