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Bitcoin is open source, permissionless, peer to peer programmable money. The hard cap on supply is 21 million coins. This cannot be altered. Peer-to-peer transactions are possible on the network. There is no intermediary like a central bank and all transactions happen directly between users. These transactions are recorded in a distributed ledger known as a blockchain and verified by the network nodes using cryptography.
Why invest in Bitcoin?
Appreciating value
The value of Bitcoin has increased over time. The graph shows an upward trend since the launch of this cryptocurrency. Very few investments in India have shown this trend in terms of monetary trend.
No third parties
Bitcoin is operated as a virtual currency platform. There is no third party involved who has been able to tamper with bitcoins. The databases store every redundant copy of the transaction, an investor is making online.
Flexibility
To transfer the funds or investing money, is still a cumbersome process in many traditional investment products. There is a lot of paperwork required such as Address Proof, Pan card, photos, etc.
what is the Benefits of Cryptocurrency
1
It will save you money
Cryptocurrencies are decentralized, so they do not require a bank to verify every transaction. This means your business will eliminate those fees, saving 2 to 5 percent on each transaction.
2
Transactions will process quickly
t’s frustrating to wait for funds to become available in your bank account. You don’t have to wait with cryptocurrency transactions.
3
The currency works worldwide
There are a lot of benefits to an international currency, and it’s especially helpful if your business exports services and goods or purchases materials from other countries.