2017 has been the year of Bitcoin and the same upward progression of this currency is expected in 2018 that we started. Not in vain, the rise in the value of this currency since it was created has been 1,557%. To give a clarifying example, if in December 2012, a bitcoin quoted at 13.49 dollars, currently, only 5 years later, its quotation reaches 16,000. It is not surprising with these figures that everyone talks about this cryptocurrency. But what is bitcoin?
The bitcoin is a currency, like the dollar, the euro or the yen, with which we can exchange for goods and services, but the big difference with the rest of currencies is that it is not a physical currency, but electronic. Its biggest advantage with the others is that its issuance does not depend on any central bank or any financial institution, being totally decentralized. This data translates into security, because in such an extremely unstable economic framework in which we move, your bitcoins are exclusively your property, without anyone can access your capital without your credentials or your account can be frozen by third parties.
The cryptocurrency is produced by people and companies around the world thanks to mining. A bitcoin miner is a person who uses a computer program to help verify bitcoin transactions by including them in an unalterable record. This type of mining requires a fairly high computing power, so in reward for the expenditure of resources and electricity, this person receives some new bitcoins for their work to achieve certain objectives and that is how new bitcoins are introduced to the market.