Bitcoin is quite revolutionary and has amazing technology: it is what we will explain on large but it’s likely you can feel overwhelmed about bitcoin price.
Encryption & Distribution
Bitcoin is quite safe and has at the core & in each of the operations, the highly powerful cryptographic networks right now, more than one used by the banks and important services in our daily lives. The distributive nature makes this resistant to the network drops and attacks: there is no other computer network that is operational 24hours per day, 365 days per year for over eight years.
BTC is simple for implementing as well as lends itself to the whole programming language that allows you create the code pieces that can be executed in a transaction. Earlier unthinkable, it allows programmer to monetize different kinds of the services. Even the payments between totally autonomous machines can be made possible, just by simplifying the complex and the slow manual procedures.
Even in a face of the solar storm, Bitcoin, not like other networks, will survive. It is because of a fact that certain nodes are in the bunkers of Second World War, and protected underground with the triple perimeter safety.
All the transactions done in bitcoin are public, since they are transparent in the real time in pseudonyms in a form of the Bitcoin address. Anybody will reveal the Bitcoin address, with transparency, where this goes to the last cent. The main benefit to transact in Bitcoin is low cost, because of lack of the intermediary charging fees.