 |
September 10, 2018, 10:28:48 AM |
|
Worldwide, the number of companies accepting bitcoin is increasing, including giants like Microsoft, Dell and Overstock. Perhaps, right now it is the most appropriate time to pay attention to crypto-currencies and small business.
What is so attractive in the bitcoin for entrepreneurs and why has he been hearing all these years? In this article Forklog collected the main advantages and disadvantages of the first crypto currency.
The main advantages of bitcoin Zero or very low commission As you know, bank transfers are "famous" for high commissions. As for the Bitcoin network, here they are much lower than those of the "traditional" financial and credit institutions and practically do not depend on the transferred amount or on the location of the sending receiving party. In addition, there is no monthly fee, all sorts of limits and other restrictions. Some online purses (for example, Xapo) and do not charge commissions when making transactions.
Almost instant payments Bank transfers last an average of 3-5 working days. In the crypto currency, they pass much faster. Confirmation of the transaction occurs when the miners create a new block in the network, the size of which is 1 MB, and its creation takes about 10 minutes. Many often criticize bitcoin for the fact that in some cases, the confirmation of the transaction can last 5-7 hours. Nevertheless, the output is found - the implementation of the protocols Segregated Witness and Lightning Network in the near future should solve the problem of network scalability and, accordingly, significantly speed up the transaction.
No borders Bitcoin - supranational and decentralized currency, which is not controlled by any of the organizations and none of the legislations. The first and most popular crypto currency can help many companies enter the international market, thanks to a significant saving in transaction costs, since bitcoin does not need to be converted and converted into local currency, constantly losing money on ubiquitous commissions.
|