Cryptocurrency or cryptocurrency (Saxon cryptocurrency) is a virtual currency that is used to exchange goods and services through electronic trading systems without any intermediaries. The first cryptocurrency to start trading was Bitcoin in 2009, and many other functions have appeared since then, including Litecoin, Ripple, Dogecoin and other functions.
what is the benefit?
When comparing cryptocurrency to the money in the ticket, the difference is:
They are decentralized: they are not controlled by banks, governments and any financial institutions
Anonymous: Your privacy will be preserved when making transactions
They are international: an opera for everyone
They are safe: your coin is yours and no one else is using it. It is kept in your personal wallet with only non-transferable codes that you know
It has no intermediaries: transactions are carried out between people
Fast transaction: Remitting money to another country where they charge interest usually takes a few days to confirm; using cryptocurrency only takes a few minutes.
Bitcoin and any other virtual currency can be exchanged for any world currency
It cannot be forged because they are encrypted using a complex cryptographic system
Unlike currency, the value of electronic currency is governed by the oldest rule in the market: the relationship between supply and demand. He said: “Currently, its value is more than $1,000. Just like stocks, this value may fluctuate up and down.
What is the origin of Bitcoin?
Bitcoin is the first cryptocurrency created by Satoshi Nakamoto in 2009. He decided to introduce a new currency.
Its characteristic is that it can only perform operations within the network.
Bitcoin refers to currency and protocol, and the red P2P on which it relies.
So, what is Bitcoin?
Bitcoin is a virtual intangible currency. In other words, you cannot touch any of its forms like coins or banknotes, but you can use it as the same payment method as these coins or banknotes.
In some countries/regions, you can make money through the electronic debit card page, which allows currency exchange through XAPO and other cryptocurrencies. For example, in Argentina, we have more than 200 Bitcoin terminals.
There is no doubt that what makes Bitcoin different from traditional currencies and other virtual payment methods (such as Amazon coins, action coins) is decentralization. Bitcoin is not controlled by any country or private government, institution or financial entity (such as the Euro) controlled by the Central Government or the Federal Reserve Bank of the United States.
In Bitcoin control, users indirectly control real users through the exchange P2P (point-to-point or point-to-point). This structure and lack of control make it impossible for any institution to manipulate its value or cause inflation by producing more quantities. Its production and value are based on the law of supply and demand. Another interesting detail in Bitcoin is the limit of 21 million gold coins, which will be reached in 2030.
How much is Bitcoin worth?
As we have already pointed out, the value of Bitcoin is based on the relationship between supply and demand and is calculated using an algorithm that can measure the transaction volume and transaction volume of Bitcoin in real time. Currently, the price of Bitcoin is $9,300 (as of March 11, 2018), although this value is not that stable, and Bitcoin is classified as the most volatile currency in the foreign exchange market.