A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to change goods and providers by means 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 different features similar to 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 are not managed 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’re safe: your cash are yours and from nobody else, it is kept in a personal wallet with non-switchable codes that only you realize
It has no intermediaries: transactions are carried out from individual to individual
Fast transactions: to send cash to a different country they charge curiosity and sometimes it takes days to confirm; with cryptocurrencies only just a few minutes.
Irreversible transactions.
Bitcoins and another virtual currency will be exchanged for any world currency
It can’t be faked because they are encrypted with a sophisticated cryptographic system
Not like currencies, the value of digital currencies is topic to the oldest rule of the market: supply and demand. “At present it has a value of more than 1000 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 which you could only carry out 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 is, you can’t touch any of its types as with cash or payments, but you can use it as a means of cost in the identical way as these.

In some countries you may monetize with an electronic debit card web 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 fee like Amazon Cash, Action Cash, is decentralization. Bitcoin is just not managed by any government, institution or financial entity, either state or private, such because the euro, managed 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 way of exchanges P2 P (Point to Point or Point to Point). This structure and the shortage of management makes it inconceivable for any creatority to control its value or cause inflation by producing more quantity. Its production and value relies on the law of provide and demand. One other interesting element in Bitcoin has a limit of 21 million cash, which shall be reached in 2030.

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