Decentralization: No single entity or government can control Bitcoin or stop its transactions.
Security: Advanced encryption technology is used to protect transactions and prevent fraud.
Transparency: Anyone can view the public transaction history, but users' identities cannot be traced unless they want to.
How does Bitcoin work?
Mining: Bitcoin is created through a process called “mining” which involves solving complex mathematical problems using computers.
Wallets: Bitcoins are stored in digital “wallets” that can be accessed online or on special devices.
Transactions: Transactions between different wallets are made directly without the need for intermediaries.
What are the advantages of Bitcoin?
Transaction speed: Transactions are completed very quickly and at a relatively low cost.
Global Access: Anyone, anywhere in the world can use Bitcoin.
Protection from inflation: The maximum amount of Bitcoin is set, which protects it from inflation.
What are the disadvantages of Bitcoin?
Extreme price volatility: The price of Bitcoin fluctuates greatly, making it a risky investment.
Use in illegal activities: Bitcoin can be used for money laundering and terrorist financing.
Technical complexity: Understanding and trading Bitcoin can be difficult for beginners.
