Challenges Application of Bitcoin.

Abstract

Bitcoin is a virtual currency that is now known as a decentralized payment system that can transfer money through the computer without having to go to a bank or institution. Bitcoin now becomes a popular method of payment in exchange for goods and services. This has been and continues to be used by some people for illegal activities and to promote crimes. Being decentralized means that it is issued without a central administration authority. To achieve a precise business with Bitcoin, it is necessary to eliminate current barriers and prepare for the acceptance of new technologies in digital currency. This document discusses the challenges of Bitcoin as a virtual currency and we do not intend to cover all aspects of Bitcoin.