A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to exchange goods and services by means of 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 reminiscent of Litecoin, Ripple, Dogecoin, and others.

What's the advantage?

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

They are decentralized: they aren't controlled by the bank, the federal government and any financial institution
Are Anonymous: your privateness is preserved when making transactions
They're International: 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 a different country they charge interest and often it takes days to confirm; with cryptocurrencies only a number of minutes.
Irreversible transactions.
Bitcoins and any other virtual currency could be exchanged for any world currency
It cannot be faked because they are encrypted with a sophisticated cryptographic system
Unlike currencies, the worth of electronic currencies is topic to the oldest rule of the market: supply and demand. "Presently it has a worth of more than one thousand dollars and like stocks, this value can go up or down the provision and demand.

What is 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 would be able to 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's Bitcoin?

Bitcoin is a virtual and intangible currency. That's, you can't touch 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 nations you'll be able to monetize with an electronic 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 is just not managed by any authorities, 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 control the real, indirectly by their transactions, users by way of exchanges P2 P (Point to Point or Point to Point). This structure and the lack of management makes it impossible for any authority to manipulate its worth or cause inflation by producing more quantity. Its production and value is based on the law of provide and demand. One other interesting detail in Bitcoin has a limit of 21 million coins, which will be reached in 2030.

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