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 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

Why do people trust Bitcoin?

BY: @breakfastrecipes | CREATED: Dec. 26, 2017, 11:53 p.m. | VOTES: 3 | PAYOUT: $0.00 | [ VOTE ]

[IMAGE: https://steemitimages.com/DQmaKKFYAQpB2e2TSJPB26hdCzhfDg2QevH3oT9xshfEBfq/IMG_20171227_045204.jpg]
There are five reasons for this which i listed below.
1:- Unlike centralized ( concentrate (control of an activity or organization) under a single authority) fiat payment systems, Bitcoin is fully open-source (The term "open source" refers to something people can modify and share because its design is publicly accessible) and decentralized.
2:- second reason is that because Transactions can be verified independently when ever you want at any time.
3:- Bitcoin or btc payments can be made instantly and directly without an mediator (a person who acts as a link between people in order to try and bring about an agreement; a mediator)
4:- The whole system is protected by a combination of elliptic curve(In mathematics, an elliptic curve is a plane algebraic curve defined by an equation of the form. that is non-singular; that is, it has no cusps or self-intersections) cryptography and hashing on the sha256 curve.
5:-Together these mechanisms is sufficiently provide large enough random key-space that cannot be attacked by any hacker or gamed through mathematics

TAGS: [ #bitcoin ] [ #crypto ] [ #currency ] [ #digital ] [ #mine ]

Replies

@saadijaz | Dec. 30, 2017, 12:07 a.m. | Votes: 0 | [ VOTE ]

Its very use full and Informatic article

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