Kryptovalyuta or cryptocurrency (cryptocurrency of the Saxon) – is a virtual currency that is used to exchange goods and services through electronic transactions system without having to go through any intermediary. Cryptocurrency first, which began to trade bitcoin was in 2009, and since then to & # 39 there are many others who have other functions, such as Litecoin, Ripple, Dogecoin and others.
What is the advantage?
When comparing cryptocurrency money on the ticket, the difference lies in the fact that:
They are decentralized: they are not controlled by the bank, the government and any financial institution
Anonimnyya: your privacy is maintained while performing operations
They Internationale: each opera
They're safe: your coins are yours and no one else, they are stored in the personal wallet with inexpressible code that only you know
He has no intermediaries: transactions are carried from person to person
Quick transaction: for sending money to another country, they charge interest, but to confirm that it often takes a few days; cryptocurrency with only a few minutes.
And any other Bitcoin virtual currency can be exchanged for any world currency
It can not be faked, as they are encrypted with sophisticated cryptographic system
In contrast to the currency, the value of electronic currency is subject to the most ancient rules of the market: supply and demand. "At the present time, it costs more than $ 1,000 and, like stocks, this value can rise in price and supply and demand.
What is the origin Bitcoin?
Bitcoin – first cryptocurrency created by Satoshi Nakamoto in 2009. He decided to launch a new currency
Its peculiarity is that you can perform the operation only in the network of networks.
Bitcoin refers as to the currency, and the protocol and red P2P networks, on which it relies.
So, what is bitcoin?
Bitcoin – virtual and intangible currency. That is, you can not touch any of its forms such as coins or bills, but you can use it as a means of payment in the same way as these.
In some countries, you can monetize using electronic debit cards page that exchange cash with kryptovalyutami as XAPO. For example, in Argentina we have more than 200 bitcoin terminals.
Undoubtedly, what distinguishes bitcoin from traditional currencies and other virtual means of payment, such as Amazon Coins, Action Coins, is decentralization. Bitcoin is not controlled by any government or institution or financial institution, either public or private, such as the euro, under the control of the Central Bank or Dollar US Federal Reserve.
The Bitcoin control the physical, indirectly, by transaction, users shall exchange P2 P (Point to Point or Point to Point). This structure and the lack of control does not allow any power to manipulate its value and cause inflation, creating a large number. Its production cost and are based on supply and demand law. Another interesting detail in the Bitcoin has a limit of 21 million coins, which will be reached in 2030.
How much is bitcoin?
As we have noted, the value of Bitcoin is based on supply and demand and is calculated using an algorithm that measures the number of transactions and transactions with Bitcoin in real time. Currently, Bitcoin price is US $ 9300 (as of March 11, 2018), although this value is much less stable and bitcoin is classified as the most volatile currency in the foreign exchange market.