Bitcoin transactions are definitely cost-effective, time-saving and most importantly they are highly secured when compared to Bank transactions. Now people don't have to wait for money transfers for days. Transactions happen at the drop of a hat today. Thanks to technological innovations like blockchain technology. This is the dawn of a new era.

Bitcoin is the parent cryptocurrency and it is obviously flawed in terms of transaction time, transaction fee and so on. But it has also been improved upon through research and innovation with the underlying blockchain technology. Now there are projects that solve the scalability, transaction time and cost problems with more innovative features and unique selling point.