Properties of Bitcoin:

There are many distinct properties of Bitcoin.
Decentralized – Unlike traditional fiat currencies such as dollars, bitcoins are issued and managed without any central authority. There are no banks in charge of Bitcoin.
Digital – Unlike cash, Bitcoin exists only online, there is no physical coins or paper.
Deflationary – The total supply of Bitcoin is limited to 21 million coins by the protocol. As more people get interested, the price rises to meet the demand.
Highly Divisible – Bitcoin can be divided down to 8 decimal places, the smallest unit of a Bitcoin is called a satoshi: ₿0.00000001
Irreversible– Bitcoin is designed to be irreversible, once a transaction is sent it can‘t be reversed unless the new owner agrees to return the coin to you. Knowing this, it’s extremely important to be sure your transaction details are correct.
Persistent – Each Bitcoin transaction is recorded, permanently, on the blockchain, and can’t be changed or tampered with. The unhackable ledger has never been compromised since its inception in 2009
Pseudonymous– In Bitcoin, neither transactions or accounts are connected to real-world identities. You receive Bitcoins on so-called addresses. Every transaction is stored forever in the blockchain. Therefore if your address is ever linked to your identity, every transaction will be linked to you.
Borderless – All that’s needed to send or receive Bitcoin is a Bitcoin wallet. Once the transaction is sent, the recipient receives the bitcoins in a matter of seconds. Since this happens in an open network of computers it doesn’t matter where these two people are located. Bitcoin is borderless and works anywhere in the world.
Permissionless – Much like the internet today, anyone in the world can participate. You don‘t have to ask permission to use Bitcoin. It‘s just a software that anyone can download for free.
Trustless – You can transact Bitcoin with strangers because the system was designed so that nobody has to trust anybody else in order for the system to function.
Durable – Bitcoin is a peer-to-peer, decentralized form of money and since Bitcoin is not centrally controlled, it acts as durable as the Internet itself, or near-infinite.
Secure – Bitcoin uses a public key cryptography system. Only the owner of the private key can spend Bitcoin.

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