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A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to trade goods and companies by 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 options 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 aren't controlled by the bank, the government and any financial institution

Are Nameless: 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-switchable 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 infrequently it takes days to confirm; with cryptocurrencies only just a few minutes.

Irreversible transactions.

Bitcoins and another virtual currency may be exchanged for any world currency

It can not be faked because they're encrypted with a sophisticated cryptographic system

Unlike currencies, the value of digital currencies is topic to the oldest rule of the market: supply and demand. "At the moment it has a price of more than a 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 decided to launch a new currency

Its peculiarity is 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 is Bitcoin?

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

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

Undoubtedly, what makes Bitcoin totally different from traditional currencies and different virtual technique of payment like Amazon Cash, Action Coins, is decentralization. Bitcoin isn't controlled by any government, 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 control the real, indirectly by their transactions, customers by means of exchanges P2 P (Point to Point or Point to Point). This structure and the lack of management makes it inconceivable for any creatority to manipulate its value or cause inflation by producing more quantity. Its production and value relies on the law of supply and demand. One other fascinating detail in Bitcoin has a limit of 21 million coins, which will be reached in 2030.

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