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Bitcoin topic is trending a lot these days. Everyone is talking about Bitcoin, how it is useful and who invented it. Bitcoin is a cryptocurrency and it is a payment network. It is the internet’s currency version and the first decentralized digital currency. Many universities give students case study assignments on Bitcoin, but many cannot do it properly. This topic needs a lot of analysis and in-depth research. BookMyEssay provide the students best Bitcoin assignment help.

What is Bitcoin?

Bitcoin is a cryptocurrency that was created on January 2009. It is a decentralized digital currency that does not have a single administrator or a central bank, which may be sent from one user to another on a bitcoin network without the requirement of intermediaries.

There are not any physical bitcoins and the balances are kept on public ledgers in the cloud together with other bitcoin transactions. Bitcoins are not backed or issued by governments or banks and the individual bitcoins are not as valuable as commodities.

 


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Though bitcoin is not a legal tender, it has a high popularity and it is responsible for the introduction of many other virtual cryptocurrencies known collectively as Altcoins. BookMyEssay has hired a team of academic writers who offer assistance to local as well as international students with Bitcoin research paper writing help. Our experts know this cryptocurrency very well.

Features of Bitcoin

The key features of this digital currency are elaborated in our Bitcoin essay homework writing help as follows:

Simple and easy to set up: Banks take a long time to set up a record including dealer records and credit checks. With bitcoin, it can be done easily. You do not need credit checks, charges, and no dubious inquiries.

Decentralized: It has complete autonomy from the administrative experts. The cryptocurrency was outlined with the objective that every individual business besides every machine turns out a great system. Irrespective of a system going down, cash shall move constantly.

Anonymity: These days banks know every detail about their customers right from address, contact number, financial record, ways to manage money, etc. It is a different story with Bitcoin because the wallet is not connected to any data.

Transparent: Each and every bitcoin exchange is put in a blockchain.

Irreversible: A transaction cannot be reversed after confirmation. If you have to send money, you have to send it.

Quick: The transaction happens very quickly. It takes just a couple of minutes for the transaction to take places. A person receives cash within a few minutes. Bank transactions take a few days.

Secure: Bitcoin funds are completely secure. They are locked in a public cryptography system. The owner of a private key may send cryptocurrency. Big numbers and string cryptocurrency cannot break it.

Non-repudiable: While sending bitcoins, there is no possibility to get them back until the beneficiary wants to send it back to you. It guarantees that the person with whom you exchange cannot trick saying that they did not get cash.

Benefits of Bitcoin

Some of the advantages of bitcoin are summarized in our help for assignment on Bitcoin as follows:

  • User Anonymity: Bitcoin purchases are completely discrete. The purchases are not linked with his identity and they cannot be traced.
  • No Tax: As third parties cannot be identified, intercepted or tracked, the bitcoin transactions are not taxed and not added to any purchases.
  • No Interruptions: The banks, governments, and financial intermediaries do not interrupt user transactions. It is a complete peer-to-peer and users have a greater deal of freedom compared to national currencies.
  • Low Transaction Fees: Foreign purchases and wire transfers involved exchange costs and fees. As bitcoin transactions do not have government involvement or intermediary institutions, the transaction costs are very low.


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We provide Bitcoin dissertation writing help at reasonable rates. We do not have hidden prices and we charge additional prices from our customers. If you need revision, you can ask for it. We have a free rework policy. We offer unlimited amendments for free.

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