A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to alternate items and providers via 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 equivalent to Litecoin, Ripple, Dogecoin, and others.

What’s the advantage?

When comparing a cryptocurrency with the money within the ticket, the difference is that:

They are decentralized: they don’t seem to be controlled by the bank, the federal government and any financial 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-switchable codes that only you know

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

Quick transactions: to ship cash to a different country they charge interest and sometimes it takes days to confirm; with cryptocurrencies only just a few minutes.

Irreversible transactions.

Bitcoins and every other virtual currency can be exchanged for any world currency

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

Unlike currencies, the value of digital currencies is topic to the oldest rule of the market: provide and demand. «At present it has a worth of more than 1000 dollars and like stocks, this value can go up or down the availability and demand.

What’s the origin of Bitcoin?

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

Its peculiarity is you can only perform operations within the network of networks.

Bitcoin refers to each 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’s, you cannot contact any of its forms as with coins or bills, however you should use it as a method of payment in the same way as these.

In some countries you can monetize with an digital debit card web page that make cash exchanges with cryptocurrencies like XAPO. In Argentina, for example, now we have more than 200 bitcoin terminals.

Undoubtedly, what makes Bitcoin totally different from traditional currencies and other virtual technique of payment like Amazon Cash, Action Cash, is decentralization. Bitcoin is not managed by any government, institution or monetary 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, users by means of exchanges P2 P (Point to Point or Point to Point). This construction and the lack of management makes it inconceivable for any writerity to manipulate its worth or cause inflation by producing more quantity. Its production and worth is predicated on the law of supply and demand. Another attention-grabbing detail in Bitcoin has a limit of 21 million coins, which will be reached in 2030.

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