Privacy refers to the rights that anyone having an internet connection and a digital wallet can participate in transactions, without the need for a traditional. Accessibility refers to the convenience with which people can access and use a service, product, guidelines that govern the usage and trading of digital crylto.
Though they claim to be an anonymous form of transaction , cryptocurrencies are pseudonymous. If you lose your private key, your hard drive crashes, or a virus corrupts your wallet, you may lose your funds entirely. Disadvantages Transactions are pseudonymous Pseudonymity allows for criminal uses Have become highly centralized Expensive to participate in a network and earn Off-chain security issues Prices are very volatile. No one, other than the wallet owners, will know how many Bitcoins they have.
