What are the characteristics of Bitcoin?

As a nearly perfect monetary system, Bitcoin has five characteristics different from traditional currencies.

First, decentralization. Bitcoin is a peer-to-peer, decentralized digital currency. It does not depend on the issuance of a specific institution, and does not need any government or institution to endorse the credit. It uses password design to ensure the security of all links.

Second, anonymity. You can send and receive Bitcoin without providing any personally identifiable information.

Third, scarcity. The total number of bitcoins is limited to 21million, and it is expected to be released in 2 140 years.

Fourth, the transfer cost is low. When transferring money with Bitcoin, regardless of the amount, you only need to pay a very low handling fee, and the transfer handling fee can be set freely. At present, it is recommended to pay 0.0005 bitcoin handling fee for each transfer.

5. Convenient global circulation. Bitcoin can be transferred and traded in any country and any smart terminal connected to the Internet.

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