A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to exchange goods and services by a system of electronic 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 similar to Litecoin, Ripple, Dogecoin, and others.
What is the advantage?
When comparing a cryptocurrency with the cash in the ticket, the difference is that:
They’re decentralized: they are not controlled by the bank, the government and any monetary institution
Are Nameless: your privateness is preserved when making transactions
They’re Worldwide: everyone’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 individual to individual
Quick transactions: to ship money to a different country they cost interest and often it takes days to confirm; with cryptocurrencies only 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 subject to the oldest rule of the market: supply and demand. “Currently it has a worth of more than a 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 primary cryptocurrency created by Satoshi Nakamoto in 2009. He determined to launch a new currency
Its peculiarity is which 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 is Bitcoin?
Bitcoin is a virtual and intangible currency. That’s, you can’t 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 electronic debit card web page that make money exchanges with cryptocurrencies like XAPO. In Argentina, for instance, we now have more than 200 bitcoin terminals.
Undoubtedly, what makes Bitcoin completely different from traditional currencies and other virtual means of payment like Amazon Cash, Action Coins, is decentralization. Bitcoin shouldn’t be controlled by any government, institution or financial entity, either state or private, such because the euro, managed 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 by means of exchanges P2 P (Point to Point or Point to Point). This structure and the lack of control makes it not possible for any authority to govern its value or cause inflation by producing more quantity. Its production and value is based 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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