🛡️ As a digital asset recorded on a distributed time chain, bitcoin is not subject to physical degradation. As long as the network exists, it remains immutable and verifiable over time.

✈️ Portability It is extremely high. Bitcoin can be transferred anywhere in the world within minutes over the Internet, without the need for physical transport or currency conversion. All you need is a wallet and a connection.

🔍 Divisibility Each bitcoin can be divided up to eight decimal places. The minimum on-chain unit is the satoshi, equal to one hundred millionth of a BTC, and on the Lightning network, the satoshi can be divided into thousandths, enabling micropayments and fractionalizing value with extreme precision, making bitcoin virtually accessible to everyone.

⚙️ Uniformity All Bitcoin units are perfectly identical in value and characteristics, thanks to the structure of the time chain (blocks, nodes, miners, etc.) and the use of cryptographic protocols that prevent counterfeiting or arbitrary coin creation.

♻️ Fungibility In theory, each bitcoin (or satoshi) is interchangeable with any other. However, some units may be "tainted" if associated with illicit transactions and rejected by certain services or exchanges.

✅️ Recognition The authenticity of each bitcoin transaction is guaranteed and verified by network nodes using cryptographic algorithms. However, the technical understanding of how it works can be a barrier for the average user.

⏳️ Controlled Supply (Scarcity) The total supply of Bitcoins is limited to 21 million units according to a predetermined and immutable algorithm. Issuance takes place through a process known as "halving" every 4 years or so, which halves the amount of new bitcoins injected, ensuring disinflationary and predictable growth.

🌍 All of this and more makes bitcoin a social good.

📶 Stay tuned.

#bitcoin #essentials #digitalgold #money #blockchain #technology #finance #education

Reply to this note

Please Login to reply.

Discussion

No replies yet.