A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to trade goods and providers through 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 different features resembling Litecoin, Ripple, Dogecoin, and others.
What’s the advantage?
When comparing a cryptocurrency with the money in the ticket, the difference is that:
They’re decentralized: they aren’t 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 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 individual to individual
Quick transactions: to send cash to another country they cost interest and infrequently it takes days to confirm; with cryptocurrencies only a few minutes.
Irreversible transactions.
Bitcoins and some other virtual currency might be exchanged for any world currency
It cannot be faked because they are encrypted with a sophisticated cryptographic system
Unlike currencies, the value of electronic currencies is subject to the oldest rule of the market: provide and demand. “At present it has a worth of more than one thousand dollars and like stocks, this value can go up or down the availability 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 that 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 is, you can’t contact any of its forms as with coins or bills, but you should utilize it as a method of payment in the same way as these.
In some countries you can monetize with an digital debit card page that make cash exchanges with cryptocurrencies like XAPO. In Argentina, for example, 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 Cash, is decentralization. Bitcoin just isn’t managed 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 exchanges P2 P (Point to Point or Point to Point). This structure and the lack of control makes it unimaginable for any writerity to manipulate its value or cause inflation by producing more quantity. Its production and value is based on the law of provide and demand. One other interesting detail in Bitcoin has a limit of 21 million coins, which will be reached in 2030.
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