How to create Bitcoin wallet - BitPay wallet Part 2 - 2020

168 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

n.nandakumarkartha
Published
Contact us:
WhatsApp: 03496984201

BitPay Wallet Part 1: https://www.youtube.com/watch?v=E6997GJRwEY

About Bitcoin
Bitcoin is a digital currency that has many of the same characteristics as cash. However, bitcoin is much more secure than paper money. With bitcoin, you can send money over the internet directly to another person without a middleman.

Here are the important features of Bitcoin:

1) Secure: You own your bitcoin by keeping track of a private key. It's a digital signature that no one can forge or fake. Because you're the only one who owns your private key, there is no reset or recovery. You have total control and total responsibility over your funds.

2) Fast: Instead of entering all of your personal information when you buy something with bitcoin, usually all you need to do is scan a QR code or copy and paste a receiving address to pay. Then, with a swipe or the press of a button, you can send funds to anyone anywhere in the world in minutes.

3) Pseudonymous: Transactions, addresses, and wallets are not connected to real-world identities. While it is possible to analyze the flow of transactions in order to make inferences about the owners of funds, there is no such thing as a bitcoin ‘account’.

4) Global: Bitcoin is not owned or controlled by any single entity, which makes it a borderless technology. Anyone can send any amount of bitcoin anywhere, anytime, for minimal transaction fees.

5.) Irreversible: After confirmation, a transaction cannot be reversed. Bitcoin is a uniquely secure payment method which eliminates chargeback risks.
Category
Crypto Wallets
Tags
Be the first to comment