What is BITCOIN?

Bitcoin is the first decentralized peer to peer payment network that is powered by its users with no central authority or middlemen.

 

Strengths

  • First mover advantage.
  • Largest liquidity in market.
  • Largest user base in cryptocurrency ecosystem.

Weaknesses

 
  •  Scalability issues. Although future upgrades such as Lightening network could help to solve this.
  • High transaction fees.
  • Slow transaction confirmation times.
  • Low  anonymity.

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