As we all know bitcoin has come long way in the eight or so years its been in existence, but their's still long way to go before the digital currency becomes a widely used method of paying for goods and services.
we should know.
1.what challenges are facing bitcoin?
2. how we can prevent it?
3. how we should face those challenges?
we should know.
1.what challenges are facing bitcoin?
2. how we can prevent it?
3. how we should face those challenges?
I think that the transaction time is something that should be worked upon. It should be made instant if bitcoin has to compete with payment options like PayPal.
Although Bitcoin's payment system protects user privacy, it also brings some problems. For example, after the end of the transaction, some miners have put together computers to jointly search for Bitcoin. This model is called "mine pool."