Advantages and Disadvantages of Bitcoin

Advantages:

🔵 Relative Anonymity. No need to provide personal data, although there are professional methods to establish links between coins and individuals.
🔵 Total Decentralization.
🔵 Absence of a Central Issuing Authority.
No Government Regulation. Although some countries are trying to control Bitcoin, this remains impossible. Control can only be done through centralized platforms. However, the network continues to function without them.
🔵 Homogeneous System. All participants have the same rights.
🔵 Low Entry Threshold. You can start with the purchase of 10 to 20 thousand satoshis.
🔵 Recognition. Precursor Status.

Disadvantages:

🔵 High Complexity of Mining.
🔵 Growing Size of the Blockchain. Downloading may be problematic when installing a wallet.
🔵 Smart Contracts are not officially supported. Their functionality is limited.
🔵 Price is highly dependent on market information.
🔵 Government distrust.
🔵 High volatility.
🔵 No …

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