Troubleshooting issues faced by Bitcoin currency

Bitcoin being the first decentralized digital currency has come a long way in these eight and counting years. Bitcoin has made it possible for the user to exchange one's money, products, and services. It lets the user pay for the things electronically. In spite of being a viral platform to its user, it has to go a very long way. Listed below are some of the faults with Bitcoin that makes this mainstream adoption difficult.

Providing a proof work

The way Bitcoin is transmitting money has been criticized for the hardware race it and has created energy consumption which has to be maintained by Bitcoin network. To solve this issue a “proof-of-Stake,” has been proposed which address some of the problems and explains them

Slow and imperceptible for retail transition

Buying Bitcoin with credit and debit card was hard earlier, but thankfully this issue has been solved. The user can now buy Bitcoin instantly with credit or debit card. There are many exchanges for buying it, but the process of transition is inconvenient for both, the user as well as the buyer as it sometimes can take a couple of minutes. Therefore it is advisable for the user to use 3rd party Bitcoin payment services. Some of them are

•    Bitpay

•    Coinbase

•    Coinmama

•    Bitpanda ECT

Knowledge of computer security

Protecting the Bitcoin can sometimes be staggering. A single file on Bitcoin user computer is the primary key of the user’s wallet. If that wallet is lost or stolen, then the chances are that you cannot recover those Bitcoins. Therefore to solve such an issue people can deposit their Bitcoin with service and fulfill your functions a basic understanding of setting up a password or is required.

Bitcoin Wallet application

The transition of the money is done by Bitcoin wallet itself, and there are numerous times when the application faces issue. To resolve it  try the following:

·         Update the application.

·         Be careful while sending the money as it should be in the exciting mail

·         Reset the blockchain

Bitcoin can be a baffling concept for some. It takes time and assistance to get the entire concept. Therefore for your further questions and queries, you can log in to the website “contact for help” and contact the Bitcoin support number to have all your answers and solutions.