A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to change items and companies by means of 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 reminiscent of Litecoin, Ripple, Dogecoin, and others.
What’s the advantage?
When comparing a cryptocurrency with the cash within the ticket, the distinction is that:
They’re decentralized: they are not controlled by the bank, the government and any financial institution
Are Anonymous: your privacy is preserved when making transactions
They’re International: 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 send cash to a different country they cost interest and often it takes days to confirm; with cryptocurrencies only a few minutes.
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 worth of electronic currencies is subject to the oldest rule of the market: provide and demand. “At the moment it has a value of more than a thousand dollars and like stocks, this worth can go up or down the provision and demand.
What is the origin of Bitcoin?
Bitcoin, is the primary cryptocurrency created by Satoshi Nakamoto in 2009. He decided to launch a new currency
Its peculiarity is that 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 is, you can’t touch any of its forms as with coins or bills, however you should use it as a means of payment in the same way as these.
In some countries you can monetize with an digital debit card web page that make money exchanges with cryptocurrencies like XAPO. In Argentina, for instance, we have now more than 200 bitcoin terminals.
Undoubtedly, what makes Bitcoin completely different from traditional currencies and different virtual means of payment like Amazon Cash, Action Coins, is decentralization. Bitcoin isn’t 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 exchanges P2 P (Point to Point or Point to Point). This structure and the lack of control makes it inconceivable for any authority to govern its value or cause inflation by producing more quantity. Its production and worth relies on the law of provide 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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