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A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to trade items and services 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 other features equivalent to Litecoin, Ripple, Dogecoin, and others.

What is the advantage?

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

They are decentralized: they are not controlled by the bank, the government and any monetary institution

Are Anonymous: 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 ship money to another country they charge interest and often it takes days to confirm; with cryptocurrencies only a few minutes.

Irreversible transactions.

Bitcoins and some other virtual currency will be exchanged for any world currency

It cannot be faked because they’re encrypted with a sophisticated cryptographic system

Unlike currencies, the value of electronic currencies is topic to the oldest rule of the market: provide and demand. “Currently 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’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 which you can 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 not contact any of its forms as with coins or bills, but you should use it as a means of payment in the same way as these.

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

Undoubtedly, what makes Bitcoin different from traditional currencies and different virtual technique of payment like Amazon Cash, Action Cash, is decentralization. Bitcoin is not controlled by any government, institution or financial entity, either state or private, such because 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, users by exchanges P2 P (Point to Point or Point to Point). This construction and the lack of management makes it inconceivable for any creatority to manipulate its worth or cause inflation by producing more quantity. Its production and value is predicated on the law of provide and demand. Another interesting element in Bitcoin has a limit of 21 million coins, which will be reached in 2030.

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