Our currencies are moving toward digital era along with us. Crypto Currency is the form of currency which cannot be touched. One can store them in the form of digital data. When we talk about Crypto currency, Bitcoin is striving to become the leading crypto currency among other Crypto currencies. A person named Satoshi Nakamoto developed Bitcoin in 2008. Bitcoin can be merchandise by various platform available there. Due to high in demand, the value of Bitcoin increases tremendously since 2008. Earning of Bitcoin can also be performed by various methods, the most reliable one is mining of Bitcoin. Mining of Bitcoin requires a Hardware to consume electricity and generate Bitcoins. Least count of Bitcoin is known as Satoshi.
From decays, Bitcoin has grown like fire in the forest due to its mileages. like: -
1. As the demand increases among users, it's availability decreases results in hiking the value of a Bitcoin.
2. Bitcoin has a full proof future, the rising demand since 2008 grasp the trader's attention.
3. One can easily buy or sell it using other currencies.
4. Sending or receiving of money became convenient.
But as North linked to the south, east linked to West, similarly every advantage linked with the disadvantage. Some of them are: -
1. Bitcoins are not governing by any government body of the world.
2. No transaction history traces.
These are some of the disadvantages of Bitcoin which can be used to serve the nasty purposes. ICO took a step forward regarding, ICO stands for Initial Coin Offering. Initial Coin Offering is a firm wants to convert the unregulated means of distribution of Bitcoin into regulated means. They want to put some rules and regulations in the trading of Crypto currency for the benefits of users. They want to control the velocity by which Bitcoin's venture is growing. They want to secure the future of Bitcoin at the same time wants to avoid nasty activities could be performed by it.
So, I think Bitcoin has no risks in it, the factors around it could lead to a calamity. So, what’s your opinion regarding Bitcoin's regulations? Let me know by leaving the comment down below.
Hope this article would help you with your search.
