What is bitcoin
Bitcoin (or BTC) is a digital currency, based on the form of distributed ledger technology – blockchain. Its major advantage is that information about all transactions is stored in an unchangeable encrypted ledger, that is accessible to everyone. The system is transparent and anyone can check the transaction history, while no one could ever falsify these records. Thousands of merchants now accept BTC as a payment method, starting with Microsoft and ending with Subway. There are plenty of advantages of using Bitcoin, however, there are many cons too. That’s why after Bitcoin an incalculable number of alternatives were proposed by cryptocurrency enthusiasts.
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