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A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to alternate goods and providers by means of 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 similar to Litecoin, Ripple, Dogecoin, and others.

What is 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 managed by the bank, the government and any financial institution

Are Anonymous: your privateness is preserved when making transactions

They’re International: 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 person to person

Quick transactions: to ship money to another country they cost curiosity and sometimes it takes days to confirm; with cryptocurrencies only a number of minutes.

Irreversible transactions.

Bitcoins and any 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 worth of electronic currencies is topic to the oldest rule of the market: provide and demand. “At the moment it has a price of more than one thousand dollars and like stocks, this value can go up or down the supply and demand.

What is the origin of Bitcoin?

Bitcoin, is the first cryptocurrency created by Satoshi Nakamoto in 2009. He determined 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’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 nations you’ll be able to monetize with an digital debit card page that make money exchanges with cryptocurrencies like XAPO. In Argentina, for instance, we now have more than 200 bitcoin terminals.

Undoubtedly, what makes Bitcoin different from traditional currencies and other virtual means of payment like Amazon Coins, Action Cash, is decentralization. Bitcoin is just not controlled by any authorities, institution or monetary entity, either state or private, such because 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 by exchanges P2 P (Point to Point or Point to Point). This structure and the lack of management makes it impossible for any authority to manipulate its value or cause inflation by producing more quantity. Its production and worth relies on the law of provide and demand. One other attention-grabbing detail in Bitcoin has a limit of 21 million coins, which will be reached in 2030.

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