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What Is A Cryptocurrency?
What Is A Cryptocurrency?
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A cryptocurrency or cryptocurrency (cryptocurrency of the Saxon) is a virtual currency that serves to trade items and services via a system of electronic transactions without having to undergo any intermediary. The first cryptocurrency that started trading was Bitcoin in 2009, and since then many others have emerged, with different features comparable to Litecoin, Ripple, Dogecoin, and others.  
  
What's the advantage?  
  
When evaluating a cryptocurrency with the cash in the ticket, the difference is that:  
  
They're 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 Worldwide: everybody's opera with them  
They are safe: your coins are yours and from nobody else, it is kept in a personal wallet with non-switchable codes that only you know  
It has no intermediaries: transactions are carried out from individual to individual  
Quick transactions: to send cash to another country they charge interest and often it takes days to confirm; with cryptocurrencies only just a few minutes.  
Irreversible transactions.  
Bitcoins and some other virtual currency will be exchanged for any world currency  
It can not be faked because they're 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 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 you could 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's, you can not contact any of its forms as with coins or bills, however you need to use it as a means of payment in the same way as these.  
  
In some nations you can monetize with an electronic debit card page that make cash exchanges with cryptocurrencies like XAPO. In Argentina, for example, we have more than 200 bitcoin terminals.  
  
Undoubtedly, what makes Bitcoin different from traditional currencies and other virtual technique of payment like Amazon Cash, Action Cash, is decentralization. Bitcoin isn't managed by any government, institution or financial entity, either state or private, such because the euro, managed by the Central Bank or the Dollar by the Federal Reserve of the United States.  
  
In Bitcoin management the real, indirectly by their transactions, customers through exchanges P2 P (Point to Point or Point to Point). This construction and the lack of management makes it unimaginable for any authority to control its worth or cause inflation by producing more quantity. Its production and value relies on the law of supply and demand. Another fascinating element in Bitcoin has a limit of 21 million coins, which will be reached in 2030.  
  
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