Bitcoin Advantages Over Traditional Money?
Bitcoin cannot be controlled by any single authority since it is decentralized. Even when a number of network machines fail, the rest of the network will remain active and normal.
This is a feature of bitcoin network, since it is distributed network failure of some machines will not affect the whole bitcoin network.
Another feature of bitcoin is that no one can generate bogus bitcoins, and there is no way to double spend the coins, the system protects against this.
It is easy to verify the software code used in operating the bitcoin network, since it is open source, anyone with expertise can also participate in improving the software.
Users can send bitcoins directly to each other through internet with minimum cost as compared to other payment systems, these transaction get added to the blockchain as soon as they are confirmed.
There is no personal information documented while the transactions get recorded in the blockchain, and this is the reason a address holder cannot be linked to the bitcoin.
This is the start of a revolution in financial sector, with the advent of blockchain technology and bitcoin, this technology will also affect other aspects of our lives.
How Are Bitcoins Created? Explained Here
Available names for today.
Daily Available Domain Auction List August 16, 2017
777238.com
ABYR.com
BlockChainBet.com
CrmIntegration.com
MensDept.com
DSRR.com
FloridaKeysResorts.com
HealthyAndHappy.com
VVMK.com
XKMR.com
ZiCars.net
I post these lists for informational purposes only. Please don’t interpret the lists as a recommendation to buy. Do your research, including trademark searches before buying.