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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 steadily risen over time, with the graph illustrating a consistent upward trend since the cryptocurrency's inception. In India, only a handful of investments have demonstrated similar growth in monetary terms.
No third parties
Bitcoin functions as a decentralized virtual currency platform, eliminating the need for third-party interference. Every transaction conducted by investors is securely stored as redundant copies within the blockchain database, ensuring tamper-proof records.
Flexibility
Transferring funds or investing money remains a complicated process with many traditional investment options. It often involves extensive paperwork, including address proof, PAN card, photographs, and more.
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.