Technical Interview Questions
An unconfirmed transaction is that transaction that has not been included in a block, and not completed also. Every transaction requires at least one confirmation to complete the transaction. The common reasons for unconfirmed transactions are: You have made the transfer. The Bitcoin network needs at least 10 minutes to include the transaction in a … Read more
Following are the disadvantages: of bitcoins. Degree of Acceptance: In Bitcoin, the Degree of Acceptance is very low because many people are still unaware of its benefits. Volatile: Total number of Bitcoins in circulation is very small, so even a small change can make the price of the Bitcoin volatile. Ongoing Development: Bitcoins software is … Read more
Following are the benefits of Bitcoins: It is accepted worldwide at the same rates, and there is no risk of depreciation or appreciation. It has the lowest transactional fees in the world. It has fewer risks and irreversible transaction benefitting merchants. It is fully Secured and control by the cryptographic encryption algorithm. It is the … Read more
Each Bitcoin is a computer file which is stored as a digital wallet in smartphones or computer and functions similar to any e-wallet app. Bitcoins use his currency in a digitalized form which has its limits of production and limited to 21 million Bitcoins only. You can send Bitcoins to your digital wallet and then … Read more
Bitcoin is legal in many countries in the world, but some countries state that they have banned its use, such as India, China, and Ecuador. The cryptocurrencies regulations can vary from country to country so you should have to do a proper search before the initiation of bitcoin transaction in any organization. Wikipedia and many … Read more