5 Bitcoin Features That make attractive in 2020

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In this article, we will discuss bitcoin features that make attractive also end-users to buy bitcoin. There are many bitcoin development companies in the market that provides bitcoin services according to customer's requirement. To keep bitcoin we use a bitcoin wallet. 

You can develop a bitcoin wallet according to your requirements. 

Let's start 5 Bitcoin Features 

1. Decentralization

The key characteristic or feature of bitcoin is that it is a completely decentralized model. There is no hierarchy. All the nodes/users have the same rights or control over the network. Moreover, no central authority or government has control over bitcoin.

2. Anonymous

Since there is no central governing authority, the bitcoin protocol doesn't require any identity proof. This further implies that there are no KYC checks or identity checks or identity checks. In order to operate a bitcoin wallet or make a transaction, there are two primary keys that you need. The publish and private keys. 

3. Immutable

The bitcoin blockchain records and time-stamp each transaction. These transactions are stored, in blocks on the bitcoin blockchain. Furthermore, the cryptographically protected block is linked to each other. Thus the blockchain development is immutable. Once the transaction is recorded and stored inside the chain, it is impossible to delete or modify it. 

4. Transparent & Traceable

The bitcoin chain is completely transparent. Any transaction, in the history of bitcoin, can be traced back. Moreover, each node can conceive this information from any corner. The transparency feature prevents any kind of fraud activity in the network. 

5. Authentication

All transactions made on bitcoin are validated by the other miners of the network. Hence, it is impossible to spend the same bitcoin twice or indulge in fraudulent transactions. In rarest of the rare cases, if miners hold more than 50% of the bitcoin network, then an attack on the network might be possible. 

Conclusion:

I hope this article is very helpful for why bitcoin is more attractive to end-users. 

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