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What Is a Cryptocurrency?

A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to exchange goods and services by way of a system of electronic transactions without having to go through any intermediary. The primary cryptocurrency that started trading was Bitcoin in 2009, and since then many others have emerged, with other features comparable to Litecoin, Ripple, Dogecoin, and others.

What’s the advantage?

When comparing a cryptocurrency with the cash within the ticket, the difference is that:

They’re decentralized: they are not controlled by the bank, the government and any financial 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 money to another country they charge interest and sometimes it takes days to confirm; with cryptocurrencies only a number of minutes.

Irreversible transactions.

Bitcoins and every other virtual currency can be exchanged for any world currency

It can’t be faked because they’re encrypted with a sophisticated cryptographic system

Unlike currencies, the value of electronic currencies is topic to the oldest rule of the market: supply and demand. “Presently it has a price of more than a thousand dollars and like stocks, this value can go up or down the availability and demand.

What is the origin of Bitcoin?

Bitcoin, is the primary cryptocurrency created by Satoshi Nakamoto in 2009. He determined to launch a new currency

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Its peculiarity is that you can 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 is, you cannot touch any of its forms as with coins or bills, but you should utilize it as a means of payment in the same way as these.

In some countries you’ll be able to monetize with an electronic debit card web page that make cash exchanges with cryptocurrencies like XAPO. In Argentina, for example, we’ve more than 200 bitcoin terminals.

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

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