People often think of cryptocurrency only virtual money or transaction system. But if you look closer you'll see that the monetary side is just the tip of the iceberg. This is because cryptocurrencies and blockchain is a leading Internet technology that money is just one of the possible applications.
What is CRYPTOCURRENCY
What is really cryptocurrency? - Among other things cryptocurrency is a digital form of currency that is used increasingly in all parts of the world. If compared with the current banknotes and cryptocurrency is the traditional system more efficient in terms of cost-to-use treatment. Cryptocurrency was the first to start trading Bitcoin again in 2009. Sinces Then we saw cryptocurrencies that have been created using the new algorithms with a mass longer or shorter times, and changing public behavior to fit with the best economy in the future number.
The difference between mortality and encryption is how any group or individual may accelerate, trick or any other way offends dramatically to produce money. Instead, only a certain amount of cryptocurrency by the whole system cryptocurrency en masse, at a rate which is bounded by the value either by specifically and publicly known are produced.
This also means that cryptocurrency not linked to any rules or regulations of any specific government, or exchange rates, interest rates and transaction fees for the country country. International transactions move faster.
. As a matter of fact, in the heart of the digital sense of rebellion against these fees currency, and some are so deeply buried in the fine details to be regarded as "hidden." By the same token, the rate of inflation, which could potentially reduce the purchasing power of legal currency issued by the government (such as the US dollar) do not touch any alternative currency value you're carrying.
Digital currency allows its users not to reveal his full name. When you make a purchase with an ATM or credit cards, personal information and your name and address physical and often other-identification and data attached to each transaction. Companies can and banks and governments to use this data to track you and take note of your purchases. In contrast, transactions cryptocurrency do not carry any personally identifiable information without your adding your own.
Accounts that carry the traditional currency can be garnished or completely frozen. The latter account holder does not have access to funds in that means. Since the present cryptocurrency outside the regulation of the laws that allow this to happen, it is very rare for an investor to be unable to access his money, though in some cases that have been proven illegal activity has taken place, it can happen.