Bitcoin transactions - KaveriBridge/crypto GitHub Wiki
Bitcoin Transactions are:
- Permissionless and borderless. The software can be installed by anybody worldwide.
- Do not require any ID to use. Making it suitable for the unbanked, the privacy-conscious, computers or people in areas with underdeveloped financial infrastructure.
- Are censorship-resistant. Nobody is able to block or freeze a transaction of any amount.
- Irreversible once settled, like cash. (but consumer protection is still possible.)
- Fast. Transactions are broadcasted in seconds and can become irreversible within an hour.
- Online and available 24 hours a day, 365 days per year.