Bitcoin is the most widely accepted crypto currency and it has remained particularly strong in relation to the competition. In this chapter we are going to see the advantages of this BTC and the future of this type of currency as it is increasingly gaining value. One of the positive impact is that there is freedom in payment which is there is control of money. The best thing is that it is possible to receive and even send money. The other advantage is that there is better control and security what we mean is that there is control and security because it is able to protect against identity theft and the best thing about this mode of payment is that it can be backed up and encrypted to ensure safety of money .The other good thing about this that it does require personal information of an individuals the payment can be finalized without one's personal information.
The information is transparent and what we mean is that the transactions can be verified and it cannot be manipulated. We know that there are many cases of people manipulating the payments. The other thing is that the public address is visible and the best thing is that anyone can verify transactions which make the whole process to be clear. The advantage with this kind of transaction is that there are very low fees which mean that the digital currency exchanges help the merchant process converting into currency easier. The other benefit is that there are fewer risks for merchants that is the transactions that is in case there is a misunderstanding one can be able to reverse the payments. The other thing is that it can be hard to cheat someone as someone cannot con anyone. You may watch https://www.youtube.com/playlist?list=PLLgyAakZPtCVQKl6naVHUfOiICFG8BYMp to know more about bitcoin.
The bitcoin being relatively new people need time for them to understand it and how it works. Although all is not lost the future is looking bright towards the use of bitcoins as mode of payment and doing things. Litecoin is one of the largest crypto currency as a good number of people are investing in this. It seems to be doing very well and if you are looking into making good profits then this is the way to go especially this year. It functions without a central authority and it allows for creation and transfer of tokens. In the end of this discussion we have been able to talk about the bit coin which is now becoming relevant. Here are some helpful prediction on prices.