A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to alternate items and companies by means of a system of electronic transactions without having to go through any intermediary. The first 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 don’t seem to be managed by the bank, the federal government and any financial institution
Are Anonymous: your privacy is preserved when making transactions
They’re Worldwide: 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-switchable 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 charge interest and sometimes it takes days to confirm; with cryptocurrencies only just a few minutes.
Irreversible transactions.
Bitcoins and any other virtual currency might 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 electronic currencies is topic to the oldest rule of the market: supply and demand. “At the moment it has a price of more than one thousand dollars and like stocks, this value can go up or down the provision and demand.
What’s 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 you could only carry out 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 cannot touch any of its types as with coins or payments, but you need to use it as a way of payment in the same way as these.
In some countries you possibly can monetize with an electronic debit card web page that make money exchanges with cryptocurrencies like XAPO. In Argentina, for instance, we’ve more than 200 bitcoin terminals.
Undoubtedly, what makes Bitcoin totally different from traditional currencies and different virtual means of payment like Amazon Cash, Action Coins, is decentralization. Bitcoin is just not 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 management the real, indirectly by their transactions, users by exchanges P2 P (Point to Point or Point to Point). This construction and the lack of control makes it unimaginable for any writerity to control its value or cause inflation by producing more quantity. Its production and value is predicated on the law of supply and demand. Another interesting detail in Bitcoin has a limit of 21 million coins, which will be reached in 2030.
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