$BTC Currently, Bitcoin is considered to have the following characteristics of currency: Valuable, circulating, reserve, payment.
Unlike currencies issued by the government (fiat money), Bitcoin has the following advantages:
No central bank: Avoids inflation when the central bank prints more money. For example, in 1986, the base money supply of Vietnam was 55 trillion VND, and by 2016, this amount had grown to 726.559 trillion VND.[75]
No need for transactions through intermediaries: Reduces bank costs and financial intermediary channels. Transactions can occur at any time, including holidays. No one has the authority to freeze accounts or stop transactions.
It is almost impossible to create Bitcoin by oneself, but it can be mined.
The cost of gold quality assessment is very high, while the assessment of Bitcoin incurs no costs.
The currency unit can be divided into almost infinite amounts, making precise payments very easy.
Less risk for stores accepting Bitcoin transactions since transactions cannot be reversed.
Protects the environment by not needing to produce physical cash. The computer systems processing Bitcoin transactions consume much less electricity compared to the current global financial system.
It is a smart currency: Capable of being programmed down to each satoshi for spending purposes or self-activating with smart contracts to prevent corruption.
