How Do You Do Title Page Using Chicago Style Examples What Is a Cryptocurrency?

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What Is a Cryptocurrency?

The cryptocurrency or cryptocurrency (cryptocurrency in Saxon) is a virtual currency that works to exchange goods and services through the process of electronic commerce without having to go through an intermediary. The first cryptocurrency that started trading was Bitcoin in 2009, and since then many others have appeared, with other features such as Litecoin, Ripple, Dogecoin, etc.

What is better?

When comparing a cryptocurrency with the money in the ticket, the difference is that:

They are decentralized: they are not controlled by the bank, the government and a bank

Yes Anonymous: your privacy is preserved when doing business

They are International: everyone plays with them

They are safe: your coins are yours and no one else’s, they are stored in a private wallet with immutable codes that only you know.

It has no intermediaries: business is carried from one person to another

Quick business: send money to other countries they pay interest and usually it takes days to confirm; with cryptocurrencies in just a few minutes.

Change is not possible.

Bitcoins and other virtual currencies can be exchanged for any world currency

It cannot be faked because they are encrypted with a sophisticated cryptographic system

Unlike profits, the price of electricity is based on the oldest law of the market: supply and demand. “Now it has a value of more than 1000 dollars and like a commodity, this price can go up or down depending on supply and demand.

What is the origin of Bitcoin?

Bitcoin, is the first cryptocurrency created by Satoshi Nakamoto in 2009. He decided to create a new currency.

Its peculiarity is that you can only work in a network of networks.

Bitcoin refers to both the currency and the protocol and the P2P network that it relies on.

So, what is Bitcoin?

Bitcoin is a virtual and intangible currency. That is, you can not touch any of its data including coins or bills, but you can use it as a payment method like these.

In some countries you can earn money with an electronic credit card page that enables money exchange with cryptocurrencies such as XAPO. In Argentina, for example, we have more than 200 bitcoin terminals.

Undoubtedly, what makes Bitcoin different from traditional money and other virtual payments such as Amazon Coin, Action Coin, is decentralization. Bitcoin is not controlled by a government, institution or financial institution, whether public or private, like the euro, controlled by the Central Bank or the Dollar by the Federal Reserve of the United States.

In Bitcoin control the real, not directly through their transactions, users through the exchange P2 P (Point to Point or Point to Point). This structure and lack of control make it impossible for any authority to control its price or cause inflation by creating more. Its production and price are based on the law of supply and demand. Another expansion in Bitcoin has a limit of 21 million coins, which will be reached in 2030.

How much is Bitcoin worth?

As we pointed out, the price of Bitcoin is based on supply and demand, and includes the use of a system that measures the value of transactions and transactions with Bitcoin in real time. The current price of Bitcoin is 9,300 USD (as of March 11, 2018), although this price is not stable and Bitcoin is classified as the most unstable currency in the foreign market. code.

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