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A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to change goods and services by a system of electronic 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 other features reminiscent of Litecoin, Ripple, Dogecoin, and others.

What is the advantage?

When evaluating a cryptocurrency with the money in the ticket, the distinction is that:

They are decentralized: they are not managed by the bank, the government and any financial institution

Are Anonymous: your privacy is preserved when making transactions

They're International: everybody'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 ship money to another country they cost interest and sometimes it takes days to confirm; with cryptocurrencies only a few minutes.

Irreversible transactions.

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

It can't be faked because they are encrypted with a sophisticated cryptographic system

Unlike currencies, the worth of digital currencies is subject to the oldest rule of the market: supply and demand. "At the moment it has a worth of more than 1000 dollars and like stocks, this value can go up or down the supply and demand.

What's the origin of Bitcoin?

Bitcoin, is the primary cryptocurrency created by Satoshi Nakamoto in 2009. He determined 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 is Bitcoin?

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

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

Undoubtedly, what makes Bitcoin totally different from traditional currencies and other virtual means of payment like Amazon Coins, Action Coins, is decentralization. Bitcoin is not controlled by any government, institution or financial 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 management the real, indirectly by their transactions, users by means of exchanges P2 P (Point to Point or Point to Point). This construction and the lack of management makes it unimaginable for any creatority to manipulate its value or cause inflation by producing more quantity. Its production and worth is based on the law of supply and demand. One other fascinating element in Bitcoin has a limit of 21 million coins, which will be reached in 2030.

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