Advantage Disadvantage of Bitcoin…
which is an advantage of bitcoin as a currency ?
No Transaction Costs : Essentially, by using bitcoins users will be contributing to the network, and thus sharing the burden of authorizing transactions. Sharing this work greatly reduces transaction costs, and thus makes transaction costs negligible.
which is not an advantage of bitcoin as a currency ?
- Bitcoins Are Not Widely Accepted
- Wallets Can Be Lost
- Bitcoin Valuation Fluctuates
- No Buyer Protection
- Risk of Unknown Technical Flaws
- Built in Deflation
- No Physical Form
- No Valuation Guarantee
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