Ganesh Godse and Pritesh Saitwal done a research on complete Bitcoin transaction
Within such a short span of time Bitcoin has gained so much attention and popularity this is due to the various advantages that it offers. Bitcoin removes the barrier in making international payment by making it possible to send and receive money from anywhere at any point in time. You don’t have to worry whether there is bank holiday or a national holiday or any other reason due to which you are not able to pay or receive money from cross-border. Bitcoin gives you the facility to do transaction as per your need and convenience.
The best part of using Bitcoin is that you don’t have to pay high fees for your transfers. The fees that you have to pay for transferring funds using Bitcoin is very less compared to the fees charged by the banking institutions. Hence it makes cross-border transfers possible at a very low fee. Another advantage that Bitcoin provides is that it ensures transparency and security. All the information about each and every transaction is readily available on the blockchain which can be verified and used by anybody in real-time.
Nobody can steal your payment information from the merchant this feature enables you to ensure your safety and protect you from any fraud. Whenever you make payment to any merchant you have to enter your credit or debit card number, expiry date, CVV number into the web form this can be a great threat to you if all your details are stolen but if you make payment using Bitcoin then you are saved from these threats since you are not required to provide your secret information. You have two keys – a public key and a private key. A public key can be viewed by the public but if you use the private key then your Bitcoin address is secret.
Ganesh Godse and Pritesh Saitwal done a research on complete Bitcoin transaction technics in BTCmonk App which in turn reduce the burden of paperwork. This makes the process speedy and highly effective. It minimizes your efforts to visit the bank and withdraw money since Bitcoin is a digital currency. Carrying cash has become very risky in this uncertain world with the increasing theft and fraud continuously. Being globally accessible Bitcoin has also been successful in taping new markets.
Majority of the population have started using Bitcoin because it has been able to solve those problems which the society have been facing since ages. Bitcoin network has successfully eliminated the interference of any third-party.