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A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to alternate items and companies by means of 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 different features resembling Litecoin, Ripple, Dogecoin, and others.

What’s the advantage?

When evaluating a cryptocurrency with the money within the ticket, the difference is that:

They’re decentralized: they don’t seem to be controlled by the bank, the federal government and any monetary 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-transferable codes that only you know

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

Quick transactions: to send cash to a different country they cost curiosity and sometimes it takes days to confirm; with cryptocurrencies only just a few minutes.

Irreversible transactions.

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

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

Unlike currencies, the worth of electronic currencies is subject to the oldest rule of the market: provide and demand. “Currently it has a value of more than 1000 dollars and like stocks, this worth can go up or down the supply 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 may 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’s Bitcoin?

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

In some countries you can monetize with an electronic debit card web page that make money exchanges with cryptocurrencies like XAPO. In Argentina, for instance, we’ve got more than 200 bitcoin terminals.

Undoubtedly, what makes Bitcoin totally different from traditional currencies and different virtual means of payment like Amazon Coins, Action Coins, is decentralization. Bitcoin is not managed 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, users by exchanges P2 P (Point to Point or Point to Point). This construction and the lack of control makes it not possible for any authority to govern its worth or cause inflation by producing more quantity. Its production and worth relies on the law of supply and demand. Another interesting element in Bitcoin has a limit of 21 million coins, which will be reached in 2030.

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