When you analyze the result of researches about bit coin shows that, they have long durability in the market. There are certain markets of people who seek for private transactions. In addition to this, they are very easy to use and perform as a key benefit. They work on open source platform that are limited only by network effects. Switching costs are smaller than they expect. The scenario is different on bit coin; they perform tasks that are unique from other banks. They bring down worldwide payments. These are treated as an assets as like other properties of gold, diamonds.
- Scalability; they are made attractive for high payments for small business. This includes no transaction fees which enables user to make money.
- Volatility; when you use ordinary money, ever transaction that you should be explained to bank and government. But in the case of bitcoin, you need not make the process tough. The price of taking out intermediates is high. When you invest in bank, there are lots of innovation that are included on governance
- Block chains helps on rule enforcement. There is no rule setting. They appear to be built on bit coin price. The network effects that switch costs may be lower than your requirements. There is no barrier on currencies and change in features. Calculating average transactions, offers on money will be provided. The network is largely built and has more suitable for larger and probably international payments too.