Bitcoin is a crypto currency which is known for its great value. Actually, it is a type of currency created by Stoshi Nakamoto in 2009. Since then, it has been successful in earning high popularity. One of the primary reasons of its high popularity is no presence of intermediary. And this means this currency can be transferred from one person to another person without the intervention of any financial intermediary like bank, or any government organisation. Let us discuss about other reasons of why bitcoin hosting is getting popularity?
No question of paying additional fees
As mentioned above, during the payment process through bitcoin there is no such financial intermediary. Because of the absence of these intermediaries the payer needs to pay any extra charges for using services of a financial body. A bitcoin holder can easily finishes his payment procedure without spending any extra cost.
No need to disclose the identity
Actually, a bitcoin can only be payable within a single circle. While paying with this crypto currency, the owner has to use the medium of delegated decentralized system which contains full of estimated and irreversible links. As the identities within a single circle are already verified for this reason, there is no need to provide identity proof again and again.
Minimal possibility of failure
As the system is fully decentralized, there is minimum possibility of transaction failure. But in case of paying through intermediaries, the possibility of incomplete transaction is inevitable. As the system is fully operated by a single network so, there is less chance of facing problem and generally, cryptocurrency like bitcoin seldom fails. Rather the percentage of successful payment is 99.9%.
Moreover, there is no need to have a bank account to pay through bitcoin. As per the statistical survey, millions of people of whole world still do not have any bank account. For them hosting a bitcoin will be great idea.