Pros

• Bitcoin blockchain provides a decentralized system, removing the need for intermediaries in financial transactions.
• It offers enhanced security due to the immutability of the blockchain ledger.
• Bitcoin blockchain provides transparency and traceability of transactions, promoting trust among users.
• The system supports peer-to-peer transactions across borders, making it a global currency.
• Bitcoin blockchain has initiated the development of new financial and technological applications, such as smart contracts and decentralized applications.

Cons

• The Bitcoin network consumes a significant amount of energy, leading to environmental concerns.

• Transactions on the Bitcoin blockchain can be slow and costly, especially during periods of high demand.

• The price of Bitcoin is highly volatile, leading to potential financial losses for investors.

• The anonymity of Bitcoin transactions can be exploited for illegal activities.

• Regulatory uncertainty and lack of consumer protections pose risks for users and investors.

• What is a Satoshi?

• How do Bitcoin Inscriptions work?

• What are BRC-20 Tokens?

• UTXOs

• Dust Fee

• Miner’s Fee

• BRC-20 Marketplace

• Blockchain Explorer

• Bitcoin Testnet Faucet