A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to trade goods and companies by 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 other features similar to Litecoin, Ripple, Dogecoin, and others.

What’s the advantage?

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

They are decentralized: they don’t seem to be 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-switchable codes that only you know

It has no intermediaries: transactions are carried out from person to person

Quick transactions: to send money to another country they charge interest and infrequently it takes days to confirm; with cryptocurrencies only just a few minutes.

Irreversible transactions.

Bitcoins and every 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 value of digital currencies is subject to the oldest rule of the market: supply and demand. “At the moment it has a worth of more than a thousand dollars and like stocks, this worth can go up or down the supply and demand.

What’s 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 would be able to 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’s Bitcoin?

Bitcoin is a virtual and intangible currency. That’s, you cannot contact any of its forms as with coins or bills, however you should use it as a method of payment in the same way as these.

In some countries you possibly can monetize with an digital debit card page that make cash exchanges with cryptocurrencies like XAPO. In Argentina, for instance, we have more than 200 bitcoin terminals.

Undoubtedly, what makes Bitcoin different from traditional currencies and different virtual means of payment like Amazon Cash, Action Coins, is decentralization. Bitcoin is just not controlled 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, customers by exchanges P2 P (Point to Point or Point to Point). This construction and the lack of control makes it inconceivable for any writerity to control its worth or cause inflation by producing more quantity. Its production and worth is predicated on the law of provide and demand. One other fascinating element in Bitcoin has a limit of 21 million coins, which will be reached in 2030.

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