A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to alternate goods and services by means of a system of digital transactions without having to undergo any intermediary. The primary cryptocurrency that started trading was Bitcoin in 2009, and since then many others have emerged, with other features reminiscent of Litecoin, Ripple, Dogecoin, and others.
What’s the advantage?
When evaluating a cryptocurrency with the money within the ticket, the difference is that:
They are decentralized: they are not managed by the bank, the federal government and any financial institution
Are Anonymous: your privacy is preserved when making transactions
They’re Worldwide: everyone’s opera with them
They are 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 person to person
Quick transactions: to send money to another country they charge curiosity and infrequently it takes days to confirm; with cryptocurrencies only a few minutes.
Irreversible transactions.
Bitcoins and every other virtual currency could be exchanged for any world currency
It cannot be faked because they are encrypted with a sophisticated cryptographic system
Unlike currencies, the worth of digital currencies is subject to the oldest rule of the market: supply and demand. “Presently it has a value of more than one thousand dollars and like stocks, this worth 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 you could 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 can not contact any of its forms as with coins or bills, but you can use it as a method of payment in the same way as these.
In some nations you can monetize with an digital debit card web page that make cash exchanges with cryptocurrencies like XAPO. In Argentina, for instance, now we have more than 200 bitcoin terminals.
Undoubtedly, what makes Bitcoin different from traditional currencies and different virtual means of payment like Amazon Coins, Action Cash, is decentralization. Bitcoin will not be managed by any authorities, institution or monetary 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 management the real, indirectly by their transactions, users through exchanges P2 P (Point to Point or Point to Point). This structure and the lack of management makes it unattainable for any creatority to govern its worth or cause inflation by producing more quantity. Its production and worth is based on the law of supply and demand. Another attention-grabbing element in Bitcoin has a limit of 21 million coins, which will be reached in 2030.
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