Historically, this type of network has generated controversy between its defenders and its detractors.
Peer-to-peer networks obtain higher performance than centralized networks, since they optimize the bandwidth of the users by means of the connectivity between them. Information traffic occurs much more smoothly than in centralized networks, where a relatively small number of servers provide the full bandwidth used by all clients on the network for an application or service. For this reason, it is possible to send information at high speeds, which has been extremely useful to companies like Bitcoin.
It allows users to own virtual money and manage the transactions they make directly with any of the other users on the network, without the intervention of a central authority, in fact, it is in this aspect that the great difference lies between the transactions that are carried out with this virtual currency and the rest of the online transfer and payment services that have traditionally supported buying and selling on the Internet.
The benefits of the “pure” P2P network by using website https://financial-peak.com are many. When talking about Bitcoin, reference is normally made not only to the currency itself, which is absolutely virtual and intangible, but also to the protocol and the P2P network in which It is sustained, which enables the currency to be regulated indirectly by the users themselves through the transactions they carry out, without there being control over its value and production.
The value of a Bitcoin is based exclusively on supply and demand and can only be calculated using an algorithm that evaluates the number of transactions made with the currency in real time.
In addition to being democratic, Bitcoin is also safe. The decentralized system makes it impossible for funds to be frozen or seized. Each person has their credentials to access their money.
Decentralization also makes it possible to reduce costs for sending or receiving money, since there is no intermediary and therefore there is no need to pay fees or commissions by bank transfer, to accept or use credit cards, to use money transfer services etc.
In addition, payments made with Bitcoin cannot be reversed, making it a very safe way to make payments and transfers without the amount stipulated by the user being able to deviate or freeze, whose sensitive information does not need to be disclosed to carry out the transactions, even though the operation itself occurs completely visible to everyone on the network (which makes the process transparent).
Bitcoin a new digital currency for making money
Bitcoin is a currency like one of the many that exist in the world and is used to trade goods of all kinds through the Internet. The difference is that Bitcoin is an electronic currency who’s most interesting and innovative aspect is that it works in a decentralized way and therefore, it does not depend on a bank, an issuer or a central entity, but is produced through individuals and companies.
Bitcoin is a new payment system with fully digital money through online websites. It is the first decentralized currency that allows us to pay for objects or services without intermediaries.
In addition, the monetary issue is scheduled in advance so that there are never more than 21 million units.
To explain it in a simple way, Bitcoin works as a mobile application or a computer program that each installs on their device and thereby acquires a wallet that allows the user to send and receive Bitcoins.
Security and Control: Users have full control of their money and their transactions. There is no chance that you will be charged unexpected fees as with other Payment methods. Payments made with Bitcoins can be done perfectly without the need to give any personal information about the user, which makes your transaction perfectly protected against thieves Bitcoin users can also protect their money with backup and encryption.
Transparency and Neutrality: Information about Bitcoins money supply is easy to read and confirm in real time. Being cryptographically secure, the Bitcoin Protocol cannot be controlled or manipulated by any organization or individual.
In this way we can say that Bitcoin is neutral, transparent and predictable, so we can trust it perfectly.
