The amazing transactional properties of the Cryptocurrencies
Ceyptocurrency has some transactional properties. We need to know about them in details in order to be successful in the future when you are wotking with cryptocurrencties. Click here for btc.
After confirmation, a transaction cannot be canceled. Per person. And nobody means nobody. Not you, your bank, the President of the United States, Satoshi, or your minor. Nobody. If you send money, you send it. Point bar. No one can help you if you have sent your funds to a scammer or if a hacker has stolen them from your computer. There is no safety net. Visit this site for btc.
Neither transactions nor accounts are linked to real-world identities. You receive bitcoins on so-called addresses, which are similar to random strings of about 30 characters. Although it is generally possible to analyze the flow of transactions, it is not necessarily possible to connect the real identity of the users to these addresses.
Fast and global
Transactions spread almost instantly over the network and are confirmed in minutes. Because they occur in a global network of computers, they are completely indifferent to your physical location. It does not matter if I send bitcoins to my neighbor or someone on the other side of the world.
Cryptocurrency funds are locked in a public key cryptosystem. Only the owner of the private key can send cryptocurrency. Powerful cryptography and the magic of large numbers make it impossible to break this mechanism.
You do not have to ask anyone to use cryptocurrency. It’s just software that everyone can download for free. After installing it, you can receive and send bitcoins or other crypto-currencies. Nobody can stop you. There is no guard.