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What Is a Cryptocurrency?

 

A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to change goods and providers through 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 comparable to Litecoin, Ripple, Dogecoin, and others.

 

 

What is the advantage?

 

 

When evaluating a cryptocurrency with the money in the ticket, the distinction is that:

 

 

They're decentralized: they aren't managed by the bank, the federal government and any financial institution

 

Are Nameless: your privacy is preserved when making transactions

 

They're Worldwide: everyone'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 ship cash to a different country they charge curiosity and often it takes days to verify; with cryptocurrencies only a number of minutes.

 

Irreversible transactions.

 

Bitcoins and another virtual currency can be exchanged for any world currency

 

It can't be faked because they are 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. "Presently it has a worth of more than 1000 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 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 is Bitcoin?

 

 

Bitcoin is a virtual and intangible currency. That is, you cannot touch any of its varieties as with coins or payments, however you should use it as a way of payment in the same way as these.

 

 

In some nations you'll be able to monetize with an electronic debit card web page that make money exchanges with cryptocurrencies like XAPO. In Argentina, for example, we 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 is not controlled by any authorities, institution or monetary entity, either state or private, such as the euro, controlled by the Central Bank or the Greenback by the Federal Reserve of the United States.

 

 

In Bitcoin management the real, indirectly by their transactions, customers by way of exchanges P2 P (Point to Point or Point to Point). This structure and the lack of control makes it impossible for any creatority to govern its value or cause inflation by producing more quantity. Its production and value relies on the law of provide and demand. One other interesting detail in Bitcoin has a limit of 21 million coins, which might be reached in 2030.

 

 

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