What is cryptocurrency?


Cryptocurrency or cryptocurrency (Saxon cryptocurrency) is a virtual currency that serves the exchange of goods and services through an electronic transaction system without any intermediaries. The first cryptocurrency to start trading was Bitcoin in 2009, and since then many people have emerged with other features such as Litecoin, Ripple, Dogecoin and more.

What is the advantage?

The difference when comparing a cryptocurrency with the money on the ticket is:

Decentralized: not controlled by banks, government or any financial institution

You are anonymous: your privacy is protected during transactions

They are international: everyone has an opera

Secure: your money is yours and no one else’s, only your personal wallet with non-transferable codes you know

There is no mediator: operations are carried out from person to person

Fast transactions: receive interest for sending money to another country and approval takes days; just a few minutes with cryptocurrencies.

Irreversible transactions.

Bitcoins and any other virtual currency can be exchanged for any world currency

It is impossible to fake, because they are encrypted with an advanced cryptographic system

Unlike currencies, the value of e-currencies is governed by the oldest rules of the market: supply and demand. “Currently, the value is more than $ 1,000, and like stocks, that value can go up or down for students and supply.

What is the origin of Bitcoin?

Bitcoin is the first cryptocurrency created by Satoshi Nakamoto in 2009. Decided to release a new currency

The feature is that you can only perform transactions within the network.

Bitcoin refers to both the currency and the protocol and the red P2P it trusts.

What is Bitcoin?

Bitcoin is a virtual and intangible currency. That is, you cannot touch any form like coins or banknotes, but you can use them as a means of payment in the same way.

In some countries, you can earn money with an electronic debit card page that exchanges money with cryptocurrencies such as XAPO. For example, we have more than 200 bitcoin terminals in Argentina.

Undoubtedly, it is decentralization that distinguishes Bitcoin from traditional currencies and other virtual payment instruments such as Amazon Coins and Action Coins. Bitcoin is not governed by a public or private government, organization, or financial institution, such as the US Federal Reserve or the dollar-controlled euro.

In Bitcoin, indirectly through transactions, users manage reality through P2 P (Point to Point or Point to Point) exchanges. This lack of structure and control makes it impossible for any body to manipulate value or produce inflation by producing more. Production and value are based on the law of supply and demand. Another interesting detail in Bitcoin is the limit of 21 million coins, which will reach 2030.

How much is a Bitcoin?

As we mentioned, the value of Bitcoin is based on supply and demand and is calculated using an algorithm that measures the amount of transactions and transactions with Bitcoin in real time. Currently, the price of Bitcoin is 9300 USD (as of March 11, 2018), although this value is no less stable and Bitcoin is classified as the most volatile currency in the foreign exchange market.