What Is Cryptocurrency?


A cryptocurrency or cryptocurrency (Saxon currency) is a currency that sells goods and services through electronic means without the intervention of any mediator. The first currency to be traded was Bitcoin in 2009, and since then many others have emerged, with others such as Litecoin, Ripple, Dogecoin, and others.

What are the benefits?

When comparing cryptocurrency with ticket money, the difference is:

They are controlled: they are not controlled by the bank, the government and financial institutions

Anonymous: your privacy is protected when you sell

They are International: every opera has them

It’s safe: your money is yours and not from anyone else, it is kept in your wallet with fixed codes that you only know yourself

They have no representatives: events happen from person to person

Prompt action: sending money to another country pays interest and often takes days to prove it; and cryptocurrensets for a few minutes.

Unchanged actions.

Bitcoins and any other currency can be exchanged for international currencies

It is not possible because they are printed by advanced machines

In contrast to money, the cost of electricity supply is governed by the oldest law on the market: supply and demand. “Currently it has a value of over $ 1000 and as stocks, the price can go up or down and support.

What is the origin of Bitcoin?

Bitcoin, the first cryptocurrency developed by Satoshi Nakamoto in 2009. decided to launch a new currency

What is known is that you can only work within the network.

Bitcoin means all currencies and protocol as well as the red P2P it depends on.

So, what is Bitcoin?

Bitcoin is a real and intangible currency. That is, you will not be able to affect any of its forms with money or debt, but you can use it as a payment method in the same way.

In some countries you can make money with an electronic currency exchange page that exchanges currencies with cryptocurrensets like XAPO. In Argentina, for example, we have over 200 bitcoin sites.

Undoubtedly, what makes Bitcoin different from traditional currencies is other payment methods such as Amazon Coins, Action Coins, and regional distribution. Bitcoin is not regulated by any government, agency or financial institution, whether public or private, such as the euro, controlled by the Central Bank or the Dollar and the Federal Reserve of the United States.

In Bitcoin you direct real-world, direct and indirect events, to users by exchanging P2 P (Point to Point or Point to Point). This structure and lack of control prevents any regulator from using its profits or initiating inflation by producing more. Its design and importance depend on the law of availability and importance. Another interesting point in Bitcoin is a limit of 21 million dollars, which will be reached by 2030.

What is the value of Bitcoin?

As mentioned, the value of Bitcoin depends on availability and demand, and is calculated using algorithms that measure the number of transactions and events with Bitcoin in real time. Currently the value of Bitcoin is 9,300 USD (as of March 11 2018), although its price is not very stable and Bitcoin is known to be an unstable currency in the foreign market.