viernes, 17 de junio de 2016

What is Bitcoin? Benefits and advantages of Money Bitcoin

Bitcoin is a currency like the euro or the US dollar, used to exchange goods and services. However, unlike other currencies, Bitcoin is an electronic currency that presents novel features and notable for its efficiency, safety and ease of exchange.
  • Here are some of these features:
  • It does not belong to any state or country and can be used worldwide alike.
  • It is decentralized: not controlled by any State, bank, financial institution or company.
  • It is impossible to counterfeit or duplication thanks to a sophisticated cryptographic system.
  • No intermediaries: Transactions are made directly from person to person.
  • The transactions are irreversible.
  • You can change bitcoins to euros or other currencies and vice versa, as any currency.
  • It is not necessary to reveal your identity when doing business and preserve your privacy.
  • The money belongs to 100%; can not be operated by anyone or accounts can be frozen.
In a way, it resembles Bitcoin cash we all know. In addition to presenting many of the characteristics of this medium Physicist, using Bitcoin always keep control of our funds. In addition, we also have many of the advantages that the digital medium offers us is immediate, it can be sent anywhere in the world, etc.

Benefits and advantages of Bitcoin
Image Currently, Bitcoin is the most widely used digital currency worldwide and there are good reasons why it is becoming increasingly popular. Both private users and vendors and business owners are in Bitcoin important advantages that have led them to adopt this system. Some, as we mentioned at the top, but there are many other beneficial reasons discussed below.
  • Bitcoin offers security to both buyer and seller.
In the recent past, security breaches have caused the theft of thousands of credit card numbers, leaving unprotected purchasers who may have suffered significant losses. When we make purchases with Bitcoin do not have to disclose sensitive information such as credit card numbers or bank accounts and therefore there is no risk that the information is stolen from the online seller.

Bitcoin is also preferable to other online payment systems, especially for the seller. In Bitcoin transaction rates they are very low and there is no risk that fraudulent buyers and scammers reverse payment, staying with both the product and with the money.

Finally, the characteristics of Bitcoin allow pages to establish a trust service, ensuring that the seller receives the money only if the product has successfully reached its destination. This is often used on auction and sale of second-hand goods.
  • Bitcoin lowers costs by eliminating middlemen altogether.
Today is still very common that sending money anywhere in the world involve major fees or commissions due to the large number of intermediaries is in the process. This includes: bank transfer commissions, fees for accepting or using credit or debit cards, fees for services using "send money" or commissions for using services "online payment".

In Bitcoin no intermediaries and the money goes directly from person to person: from buyer to seller or owners. This reduces substantially the price of sending money and also allowed to sell products and services at a fair price.
  • Bitcoin is right.
In many traditional systems we send money is much easier than receive. This hinders the creation of new businesses and online stores. However, with Bitcoin, both options are equally simple and anyone can send and receive money without any restrictions. Also, if you own a business, both digital and physical, it costs nothing to start accepting bitcoins.
  • Your bitcoins are only yours.
The decentralized security system behind Bitcoin makes it impossible for anyone else who does not have your credentials can access your money. Your bitcoins are yours and can not be frozen or seized, can not close any account and only you have access to them 24 hours a day, 365 days a year. This aspect is for many people perhaps most important: really feel ownership of their money and to be sure.
  • Bitcoin is democratic: the economy of the people.
When we say that Bitcoin is decentralized and there is no institution, company, state, organization or association behind it to control it, it is literally so. It is not a metaphor, but the present computer system actually allows the creation of this secure and reliable digital currency that favors free trade among people around the world.

In the next chapter we will see how Bitcoin works and what mechanisms make it possible:
Maybe you want to: The Bitcoin and Multilevel Fraud

1 comentario:

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