What is cryptocurrency?

Cryptocurrency or cryptocurrency (Saxon cryptocurrency) is a virtual currency that serves the exchange of goods and services through a system of electronic transactions without any intermediary. The first cryptocurrency to be traded was bitcoin in 2009, and since then many others have appeared with other features, such as Litecoin, Ripple, Dogecoin, and so on.

What is the advantage?

The difference when comparing cryptocurrency with ticket money is that:

They are decentralized. they are not controlled by a bank, government or any financial institution

They are anonymous. Your privacy is protected when making transactions

They are international. Everyone’s opera is with them

They are safe. your coins are yours և from none, they are kept in a personal wallet with non-transferable codes that only you know.

It has no intermediaries, transactions are done person to person

Fast deals. They charge interest to send money to another country, և it often takes days to confirm it. cryptocurrencies in just a few minutes.

Irreversible transactions.

Bitcoins և any other virtual currency can be exchanged for any world currency

It can not be forged, as they are encrypted with a complex password system

Unlike currencies, the value of e-currencies is subject to the oldest rule of the market: supply and demand. “Currently it has a value of more than $ 1,000 – both the shares and this value can increase or decrease compared to supply 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 that you can perform operations only in the network network.

Bitcoin refers to the “currency”, the “protocol”, the “red P2P” on which it is based.

So what is bitcoin?

Bitcoin is a virtual և intangible currency. That is, you can not touch any of its forms, such as coins or banknotes, but you can use it as a means of payment like these.

In some countries, you can monetize your e-debit card page by exchanging money with cryptocurrencies such as XAPO. In Argentina, for example, we have more than 200 bitcoin terminals.

Undoubtedly, what distinguishes bitcoin from traditional currencies from other virtual means of payment, such as Amazon Coins and Action Coins, is decentralization. Bitcoin is not controlled by any government, institution, or financial entity, public or private, such as the euro, which is controlled by the central bank, or the dollar, which is controlled by the US Federal Reserve.

Bitcoin monitors real, indirectly through their transactions, users through P2 P exchanges (Point to Point or Point to Point). This structure ությունը lack of control makes it impossible for the government to manipulate its value or cause inflation by producing more. Its production and value are based on the law of supply and demand. Another interesting detail of Bitcoin has a limit of 21 million coins, which will reach 2030.

How much does bitcoin cost?

As mentioned, the value of Bitcoin is based on supply և demand վում is calculated using an algorithm that measures the number of transactions բ bitcoins իրական transactions in real time. Currently, the price of bitcoin is $ 9,300 (as of March 11, 2018), or that value is not much less stable, bitcoin is classified as the most volatile currency in the foreign exchange market.