BITCOIN TRANSACTIONS

Bitcoin Transactional properties:

Transactions are Irreversible: 

Once a transaction has been confirmed, it cannot be reversed by anybody (no matter how highly ranked in the world such as United States president) or institution (such as banks, mining factories). If you send money to someone bitcoin wallet, you have sent it. No one can help you, if you should in case you were scammed or perhaps stolen from your PC by a hacker.

Pseudonymous: 

Neither transactions or accounts are connected to real-world identities. You receive Bitcoins on so-called addresses, which are randomly seeming chains of around 30 characters. While it is usually possible to analyze the transaction flow, it is not necessarily possible to connect the actual identity of users who owns the addresses.

Secure: 

Bitcoin funds are locked in a public key cryptography system. Only the owner of the private key can send cryptocurrency. Strong cryptography and the magic of big numbers makes it impossible to break this scheme. But, do not forget your login details.

Fast and global:  

Transaction is propagated nearly instantly in the network and are confirmed in a couple of minutes. Since they happen in a global network of computers they are completely indifferent of your physical location. It doesn‘t matter if I send Bitcoin to my neighbor or to someone on the other side of the world.

Permissionless: 

You don‘t have to ask anybody to use cryptocurrency. It‘s just a software that everybody can download for free. After you installed it, you can receive and send Bitcoins or other cryptocurrencies. No one can prevent you. There is no gatekeeper.