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A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to alternate items and providers 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 corresponding to Litecoin, Ripple, Dogecoin, and others.

What is the advantage?

When evaluating a cryptocurrency with the cash in the ticket, the difference is that:

They're decentralized: they don't seem to be controlled by the bank, the government and any financial institution

Are Anonymous: your privacy is preserved when making transactions

They're International: everyone'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 ship money to another 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 can be exchanged for any world currency

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

Unlike currencies, the worth of digital currencies is topic to the oldest rule of the market: supply and demand. "Presently it has a value 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 first 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 can't contact any of its forms as with coins or bills, but you should use it as a means of payment in the identical way as these.

In some countries you can monetize with an electronic debit card 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 other virtual technique of payment like Amazon Cash, Action Coins, is decentralization. Bitcoin will not be managed by any government, 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 management the real, indirectly by their transactions, users via exchanges P2 P (Point to Point or Point to Point). This structure and the lack of management makes it not possible for any authority to manipulate its value or cause inflation by producing more quantity. Its production and worth relies on the law of provide and demand. Another fascinating element in Bitcoin has a limit of 21 million coins, which will be reached in 2030.

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