Appeared computer technology, and this has led to the creation of the cryptocurrency. This money is of the electronic type. The number and the issue have no impact real finances. To create a bitcoin used asymmetric encryption, and special cryptographic tools to provide protection.
The advantages of bitcoin
Bitcoin was created in opposition to the money that are real. Electronic currency will help to provide protection from theft as well as decentralization of control over monetary transactions. Speaking in simple words, bitcoin was created to compete with national currencies.
This product has its own characteristics:
- the ability to carry out instant money transfers;
- to transfer bitcoin at any time;
- you can use cryptographic keys open or closed. This ensures a high level of protection. Bitcoin closed from hackers;
- crushing into small particles. The user has the opportunity to send a very small fraction of a dollar, the fee will be minimal;
- complete anonymity. If the owner won’t tell, then no one will known information such as the account number, the amount of money that are there.
If you compare bitcoin with other cryptocurrencies, the first is growing quite rapidly. We are talking about the rate against the dollar. The price has increased several times in just a few months.
Cryptocurrency has no material support, it does not affect the events of a political and economic nature. The rate increase depends on such nuances:
- whether bitcoin is adopted by government as the official means of payment;
- how common is payment of this currency from the online stores for services or purchase of goods;
- moved whether freelance marketplaces for bitcoin work that was performed.
Because the rate of bitcoin has increased, many investors interested in the currency. They began to buy bitcoin for cash. Therefore, the market their value started to jump sharply. Today 1 bitcoin is worth a fortune.
The rate falls due to the fact that this cryptocurrency has gone negative news. On the Russian market, control the speed of bitcoin, and for individuals involves restrictions. Now the currency amount will be fixed. After a while we will see the consequences of the new law.