The third feature of cryptocurrency is its distributed ledger. Your transaction request on a blockchain will not be delayed because of any public holiday, or be charged with a high transaction fee due to the bookkeeper wanting to make a profit; or suffer a loss from the bookkeeper’s dishonesty.
All of these are done by a ledger distributed across the network. Your transaction record will be consistent and not be affected even if you lose a copy of it. This ledger is maintained by the entire network and every full node has a backup.
If you transfer 0.5 Bitcoin to Mr Bull, both of you can just refer to the network record to see if the transaction is completed or a number of confirmations, etc. It is very transparent and fair.
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