A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to change goods and companies via a system of digital 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 such as Litecoin, Ripple, Dogecoin, and others.
What is the advantage?
When evaluating a cryptocurrency with the money in the ticket, the difference is that:
They are decentralized: they don’t seem to be controlled by the bank, the government and any financial institution
Are Anonymous: your privacy 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 another country they cost interest and often it takes days to confirm; with cryptocurrencies only a few minutes.
Bitcoins and every other 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 value of digital currencies is subject to the oldest rule of the market: supply 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 availability 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 could only perform operations within the network of networks.
Bitcoin refers to both 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 can’t contact any of its forms as with coins or bills, however you should utilize it as a method of payment in the same way as these.
In some international locations you may monetize with an digital debit card page that make money exchanges with cryptocurrencies like XAPO. In Argentina, for example, we’ve got more than 200 bitcoin terminals.
Undoubtedly, what makes Bitcoin different from traditional currencies and other virtual technique of payment like Amazon Coins, Action Cash, is decentralization. Bitcoin will not be controlled 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 control the real, indirectly by their transactions, customers through exchanges P2 P (Point to Point or Point to Point). This structure and the lack of management makes it unimaginable for any authority to control its worth or cause inflation by producing more quantity. Its production and value is based on the law of supply and demand. One other interesting element in Bitcoin has a limit of 21 million coins, which will be reached in 2030.