Unlike all currencies, bitcoin is not issued by a specific monetary institution, but is generated by a large number of calculations according to a specific algorithm. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transaction behaviors, and uses cryptography design to ensure the security of all links in currency circulation.
Advantages:
Completely decentralized, without issuers, it is impossible to manipulate the number of issues. Its distribution and circulation are realized by open source P2P algorithm.
Bitcoin relies entirely on P2P network, and there is no distribution center, so it cannot be closed to the outside world. Bitcoin prices may fluctuate and collapse, and many governments may declare it illegal, but Bitcoin and its huge P2P network will not disappear.
Borderless, cross-border Cross-border remittances will go through layers of foreign exchange control institutions, and transaction records will be recorded by many parties. However, if you use bitcoin to trade, directly enter the digital address and wait for the P2P network to confirm the transaction, a lot of money will pass. Without going through any regulatory agencies, no cross-border transaction records will be left.