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.

See Also