2025-08-16
Since the birth of Bitcoin, many people have questioned its actual use, believing that it is just a speculative tool or a "digital bubble." Everyone has their own basis for judging this point of view. This article will discuss the application of Bitcoin in payment, investment and technology.
As a decentralized digital currency, Bitcoin provides a fast and low-cost payment method. Traditional international transfers usually take several days, but Bitcoin transactions can be completed in just 10 minutes to 1 hour. In addition, many online merchants and physical stores already accept Bitcoin payments, such as Overstock, Microsoft, etc., and users can purchase goods and services with Bitcoin.
Because its total amount is limited to 21 million, Bitcoin has the properties of scarcity and anti-inflation. Many people use Bitcoin as a long-term investment tool to hedge against the risk of depreciation of traditional currencies.
Blockchain, the underlying technology of Bitcoin, provides technical support for areas such as decentralized finance (DeFi) and smart contracts. Bitcoin has also promoted the development of other blockchain technologies and become a cornerstone of technological innovation. In addition, the transparency and security of blockchain have also been applied in practical scenarios such as supply chain tracking and identity authentication.
Bitcoin is not only widely used in payment and value storage, but also promotes the popularization and innovation of blockchain technology. As the ecosystem continues to develop, the practical uses of Bitcoin will increase.
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