A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to alternate items and companies via a system of digital transactions without having to undergo any intermediary. The first cryptocurrency that started trading was Bitcoin in 2009, and since then many others have emerged, with other options akin to Litecoin, Ripple, Dogecoin, and others.

What is the advantage?

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

They’re decentralized: they are not managed 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 are 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 send cash to another country they charge interest and sometimes it takes days to confirm; with cryptocurrencies only just a few minutes.

Irreversible transactions.

Bitcoins and some other virtual currency may be exchanged for any world currency

It can’t be faked because they’re encrypted with a sophisticated cryptographic system

Unlike currencies, the worth of digital currencies is topic 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 worth can go up or down the supply and demand.

What’s the origin of Bitcoin?

Bitcoin, is the first cryptocurrency created by Satoshi Nakamoto in 2009. He determined 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 each the currency and the protocol and the red P2P on which it relies.

So, what is Bitcoin?

Bitcoin is a virtual and intangible currency. That is, you can’t contact any of its forms as with coins or bills, however you should use it as a means of payment in the identical way as these.

In some countries you’ll be able to monetize with an digital debit card page that make cash exchanges with cryptocurrencies like XAPO. In Argentina, for instance, we’ve more than 200 bitcoin terminals.

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

In Bitcoin control the real, indirectly by their transactions, users via exchanges P2 P (Point to Point or Point to Point). This structure and the lack of control makes it impossible for any creatority to govern its value or cause inflation by producing more quantity. Its production and value is predicated on the law of provide 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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