A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to trade goods and services by means of a system of electronic transactions without having to go through any intermediary. The primary cryptocurrency that started trading was Bitcoin in 2009, and since then many others have emerged, with other features resembling Litecoin, Ripple, Dogecoin, and others.

What is the advantage?

When evaluating a cryptocurrency with the money in the ticket, the difference is that:

They are decentralized: they aren’t controlled by the bank, the government and any monetary institution

Are Nameless: your privacy is preserved when making transactions

They’re Worldwide: everybody’s opera with them

They’re safe: your coins are yours and from nobody else, it is kept in a personal wallet with non-transferable codes that only you know

It has no intermediaries: transactions are carried out from person to person

Quick transactions: to ship money to a different country they charge curiosity and infrequently it takes days to confirm; with cryptocurrencies only a few minutes.

Irreversible transactions.

Bitcoins and another virtual currency can be exchanged for any world currency

It can not be faked because they are encrypted with a sophisticated cryptographic system

Unlike currencies, the value of electronic currencies is subject to the oldest rule of the market: provide and demand. «Currently it has a price of more than one thousand dollars and like stocks, this value can go up or down the supply and demand.

What is the origin of Bitcoin?

Bitcoin, is the first cryptocurrency created by Satoshi Nakamoto in 2009. He decided to launch a new currency

Its peculiarity is that you would be able to only perform operations within the network of networks.

Bitcoin refers to both the currency and the protocol and the red P2P on which it relies.

So, what’s Bitcoin?

Bitcoin is a virtual and intangible currency. That is, you cannot touch any of its forms as with coins or bills, but you need to use it as a method of payment in the identical way as these.

In some nations you possibly can monetize with an electronic debit card page that make money exchanges with cryptocurrencies like XAPO. In Argentina, for example, now we have more than 200 bitcoin terminals.

Undoubtedly, what makes Bitcoin different from traditional currencies and different virtual means of payment like Amazon Cash, Action Cash, is decentralization. Bitcoin shouldn’t be managed by any authorities, institution or financial entity, either state or private, such as the euro, managed by the Central Bank or the Dollar by the Federal Reserve of the United States.

In Bitcoin management the real, indirectly by their transactions, customers by way of exchanges P2 P (Point to Point or Point to Point). This construction and the lack of control makes it inconceivable for any authority to manipulate its worth or cause inflation by producing more quantity. Its production and worth is based on the law of provide and demand. One other fascinating element in Bitcoin has a limit of 21 million coins, which will be reached in 2030.

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