A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to alternate goods and services by means of 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 different options such as Litecoin, Ripple, Dogecoin, and others.

What's the advantage?

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

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

Are Nameless: your privateness is preserved when making transactions

They're Worldwide: 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-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 cost curiosity and often it takes days to confirm; with cryptocurrencies only a few minutes.

Irreversible transactions.

Bitcoins and every other virtual currency will 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 digital currencies is subject to the oldest rule of the market: provide and demand. "Currently it has a price of more than one thousand 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 determined to launch a new currency

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 is Bitcoin?

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

In some countries you'll be able to monetize with an digital debit card web page that make cash exchanges with cryptocurrencies like XAPO. In Argentina, for instance, now we have more than 200 bitcoin terminals.

Undoubtedly, what makes Bitcoin completely different from traditional currencies and other virtual technique of payment like Amazon Coins, Action Cash, is decentralization. Bitcoin just isn't managed by any government, institution or financial 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, customers by exchanges P2 P (Point to Point or Point to Point). This construction and the lack of control makes it inconceivable for any authority to manipulate its value or cause inflation by producing more quantity. Its production and value 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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