What Is A Cryptocur...
 
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What Is A Cryptocurrency?
What Is A Cryptocurrency?
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A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to alternate goods and companies via a system of electronic 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 comparable to Litecoin, Ripple, Dogecoin, and others.  
  
What's the advantage?  
  
When comparing a cryptocurrency with the money within the ticket, the distinction is that:  
  
They're decentralized: they don't seem to be managed 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 interest and sometimes it takes days to confirm; with cryptocurrencies only a couple of minutes.  
Irreversible transactions.  
Bitcoins and another virtual currency can be exchanged for any world currency  
It can't be faked because they are 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. "At the moment it has a value of more than a thousand dollars and like stocks, this worth can go up or down the availability 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 which 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 is, you can not contact any of its forms as with coins or bills, however you should use it as a means of payment in the same way as these.  
  
In some countries you possibly can monetize with an digital debit card page that make money exchanges with cryptocurrencies like XAPO. In Argentina, for example, now we have more than 200 bitcoin terminals.  
  
Undoubtedly, what makes Bitcoin totally different from traditional currencies and different virtual means of payment like Amazon Coins, Action Cash, is decentralization. Bitcoin is just not controlled by any authorities, 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 exchanges P2 P (Point to Point or Point to Point). This construction and the lack of control makes it unimaginable for any creatority to manipulate its value or cause inflation by producing more quantity. Its production and value 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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