What is Cryptocurrency?

 

What is Cryptocurrency?


Digital currency or digital currency (Saxon cryptocurrency) is a virtual currency that works to exchange goods and services through an electronic trading system without going through any intermediary. The first cryptocurrency to start trading was Bitcoin in 2009, and since then many more have emerged, with other features such as Litecoin, Ripple, Dogecoin, and others.


What are the benefits?


When comparing digital currency with ticket money, the difference is:

Separated: not controlled by the bank, government and any financial institution

Unknown: your privacy is maintained when making a transaction

Global: everyone's opera with them

They are safe: your coins belong to you and come from someone else, kept in a personal wallet with non-transferable codes known only to you

It has no intermediaries: transactions are made in person

Quick transactions: sending money abroad costs interest and usually takes days to verify; with cryptocurrensets only for a few minutes.

Fixed tasks.

Bitcoins and any other tangible currency can be exchanged for any global currency

It cannot be deceived because it is written with a complex cryptographic system

Unlike currencies, the value of electronic currencies is subject to the old market law: supply and demand. "It currently has a value of over $ 1000 and as stocks, this price can rise or fall in sales and demand.


What is the origin of Bitcoin?

Bitcoin, is the first cryptocurrency developed by Satoshi Nakamoto in 2009. You have decided to launch a new fund

Its clarity is that you can only make it work within a network of networks.

Bitcoin means both currency and protocol and the red P2P on which it relies.

So, what is Bitcoin?

Bitcoin is a tangible and intangible currency. That is, you cannot touch any of its forms such as finances or debts, but you can use it as a payment method in the same way as these.

In some countries you can make money with a bank card page that makes money exchanges with cryptocurrensets like XAPO. In Argentina, for example, we have more than 200 bitcoin terminals.

There is no doubt what makes Bitcoin different from traditional currencies and other payment methods such as Amazon Coins, Action Coins, country power distribution. Bitcoin is not regulated by any government, institution or financial institution, whether public or private, such as the euro, which is controlled by the Central Bank or the Dollar by the United States Federal Reserve.

In Bitcoin they control the real, indirectly through their transactions, users in exchange for P2 P (Point to Point or Point to Point). This structure and lack of control makes it difficult for any authority to use its value or create inflation by producing more value. Its production and value are based on supply and demand law. Another interesting detail on Bitcoin is a limit of 21 million coins, which will be available by 2030.


How much does Bitcoin cost?

As we have shown, the value of Bitcoin is based on supply and demand, and is calculated using an algorithm that measures the value of Bitcoin transactions in real time. The current price of Bitcoin is 9,300 USD (as of March 11 2018), although this value is not very stable and Bitcoin is classified as the most volatile currency in the foreign exchange market.

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