Bitcoin is a innovative form of digital currency (think of e-dollars, e-dinars, e-dirhams, etc.) designed for a world where physical boundaries are less and less important, and where the Internet is playing an increasingly important role.
Fast and Free
Bitcoin is fast and free. The sending and receiving of bitcoins are very fast, convenient and almost free. Bitcoin is like an email for money: instead of sending messages, you send money. Simply enter the Bitcoin address of your friend or store and the amount, then click “send”. It is done! Your friend will receive bitcoins in a matter of seconds, and you do not have to wait for days or pay the high fees charged by banks and other payment services.
One of the major compensation of using Bitcoin is that it offers confidentiality and relative anonymity. You do not need to provide personal data to access a site. Bitcoin wallet. All you need is a device to store it – or even just a piece of paper. Bitcoin transactions are also related only to the address of your portfolio.
The Bitcoin network is essentially a peer-to-peer payment system. That makes you and anyone else send you money to the parties concerned. You do not have to call your bank to complete the transaction. There is less risk of losing a payment in the ether, making it a more reliable means of payment.
Bitcoin was not worth much ten years ago, and look at where it has been since 2009. From a few cents to almost 20,000 in December 2017. It has now stabilized around $ 6,000 at the time of writing. Bitcoin is not going anywhere and will continue to grow as more and more people adopt it. Investing in it can be risky, but can certainly be lucrative.