A-Ads leader

Bitcoin Overview 2

• Who Owns Bitcoin

Bitcoin is a cryptocurrency developed by someone who hasn't or has decided to remain anonymous and thus the Bitcoin network has no one who can claim or own it thus making it an open technology freely used by anyone who wishes to. However we can say, Bitcoin is controlled by all its users world-wide and the best part is that all users of the network have the right and power to modify the function-ability of Bitcoin as long as there is a consensus among all users and developers. This teamwork therefore has managed to improve Bitcoin in many aspects over the past years for the betterment of everyone who is a user, merchant, developer etc..


• Cryptocurrency Wallet

As partly described in the introduction above, cryptocurrency wallets have public and private "keys" or "addresses" that are used to receive or send cryptocurrency money from one wallet to another. Your cryptocurrency wallet is just like your bank account and you must as much as possible keep it secured to avoid loss of your cryptocurrencies money. Depending with the wallet provider, you will have various features to make your wallet very secure, usable and beneficial depending with your needs. So far Bitcoin transactions are processed very quickly within seconds at very low fees in a secure and easy manner, also don't forget that any transactions are processed between the sender and receiver wallets thereby giving you
total control of your money.


• Bitcoin ATM

As Bitcoin becomes widely available and used the world over, many merchants and service providers have installed Bitcoin vending machines and ATM's so that Bitcoin users can have the ability to buy, send or receive Bitcoin easily just like the ordinary money that has been in existence for decades and decades now.

No comments:

Post a Comment