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A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to alternate items and companies by way of a system of electronic transactions without having to undergo any intermediary. The first cryptocurrency that started trading was Bitcoin in 2009, and since then many others have emerged, with other features resembling Litecoin, Ripple, Dogecoin, and others.

What’s the advantage?

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

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

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

Quick transactions: to send money to a different country they cost curiosity and often it takes days to confirm; with cryptocurrencies only a couple of minutes.

Irreversible transactions.

Bitcoins and any other virtual currency will 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 topic to the oldest rule of the market: provide and demand. “At the moment it has a value of more than 1000 dollars and like stocks, this worth 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 determined to launch a new currency

Its peculiarity is 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’s, you can’t contact any of its forms as with coins or bills, but you can use it as a way of payment in the same way as these.

In some countries you can 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 totally different from traditional currencies and other virtual means of payment like Amazon Coins, Action Cash, is decentralization. Bitcoin shouldn’t be managed by any government, 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, users through exchanges P2 P (Point to Point or Point to Point). This construction and the lack of management makes it unattainable for any authority to manipulate its worth or cause inflation by producing more quantity. Its production and worth is based on the law of supply and demand. Another fascinating detail in Bitcoin has a limit of 21 million coins, which will be reached in 2030.

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