A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to trade items and companies through a system of digital 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 other options resembling Litecoin, Ripple, Dogecoin, and others.

What is the advantage?

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

They're decentralized: they aren't controlled by the bank, the government and any monetary institution
Are Nameless: your privacy is preserved when making transactions
They're Worldwide: everyone'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 cash to a different country they cost interest and often it takes days to confirm; with cryptocurrencies only a number of minutes.
Irreversible transactions.
Bitcoins and another virtual currency may be exchanged for any world currency
It can not be faked because they are encrypted with a sophisticated cryptographic system
Unlike currencies, the value of digital currencies is subject to the oldest rule of the market: supply and demand. "At present it has a price of more than one thousand dollars and like stocks, this worth can go up or down the availability 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 which 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's Bitcoin?

Bitcoin is a virtual and intangible currency. That is, you cannot touch any of its forms as with coins or bills, however you should utilize it as a method of payment in the identical way as these.

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

Undoubtedly, what makes Bitcoin totally different from traditional currencies and other virtual technique of payment like Amazon Coins, Action Coins, is decentralization. Bitcoin is not managed by any authorities, institution or financial entity, either state or private, such as the euro, managed by the Central Bank or the Dollar by the Federal Reserve of the United States.

In Bitcoin control the real, indirectly by their transactions, customers by exchanges P2 P (Point to Point or Point to Point). This structure and the lack of management makes it unimaginable for any authority to control its value or cause inflation by producing more quantity. Its production and worth relies on the law of provide and demand. One other attention-grabbing element in Bitcoin has a limit of 21 million coins, which will be reached in 2030.

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