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A "cryptocurrency" is a virtual currency created by means of a computerized and embedded code. Cryptocurrencies is a data chain that indicates a unit. The main difference between the latter and fiat currencies is that cryptocurrencies are completely decentralized, that is, not are controlled, supervised by any government or any bank or government entity these are monitored by a P2P (Peer to Peer) Internet protocol.

These digital currencies are created through a process called "mining."

The miners are adding the records of the operations that are carried out to the public ledger of a certain cryptocurrency such as Bitcoins, the Cryptocurrencies with the most value today. All transactions occur in seconds on each of the platforms and are added to the general public ledger, where they can be viewed by anyone on the network.

Once the transaction is confirmed by the miner, it will be effective and cannot be returned, canceled or falsified.

To understand the power of digital currencies (Cryptocurrencies) truly what cryptocurrencies imply, it is necessary to know the revolutionary, transactional and monetary characteristics that have positioned them as one of the best assets to do business and to save.

Cryptocurrencies are here to stay, just seeing that a bitcoin is worth almost 10,000 dollars is complete madness hahaha ... 😍🤑

That is why everyone seeks to save in bitcoin or Cryptocurrencies in general, since these over time increases their value more and more. 

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1. https://btcclicks.com

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9. http://moonliteco.in

This is the most complete guide about the Cryptocurrencies that are on the Internet 😉

Revolutionary properties of cryptocurrencies.

Revolutionary properties are the main difference between cryptocurrencies and conventional currencies, as we mentioned earlier in this publication, the latter are under the supervision of the government of a country or a central bank that governs supply and demand at their discretion or convenience and that you can view the database or change the rules without reaching a consensus between both parties.

For their part, cryptocurrencies are not under anyone's control, they are simply governed by the credibility and trust that their users maintain.

In turn, cryptocurrencies have managed to maintain consensus thanks to a strong and powerful cryptography (from which its name derives: Cryptocurrency) that allows guaranteeing its security based on the art of mathematics, all this has resulted in cryptocurrencies being Considered as an alternative to fiat currencies, today Cryptocurrencies are considered as an item of value and savings.

Transactional characteristics of cryptocurrencies

Irreversibility: Any transaction that includes cryptocurrencies is totally irreversible. After the transaction has been confirmed it is impossible to reverse it, no change can be made. This includes any government entity or bank.

Confidentiality: The use of cryptocurrencies is carried out under total anonymity. That is, user accounts and transactions will never be linked to their identity in the real world. In the case of the most valuable Cryptocurrencies, Bitcoins a chain of blocks is used that contains approximately thirty digits and that complies with being the address of a digital wallet where the cryptocurrencies will be sent or received. Users can rest assured that no personal data will ever be in the public domain.

Speed: It will only take a couple of minutes for the cryptocurrency transaction to be confirmed and effective.

Worldwide Reach: You will be able to send or receive cryptocurrencies from wherever you are on the globe 😘 thanks to the fact that the cryptocurrency network is in operation worldwide and allows the use of any computer to enter it.

Super cryptographic security: The cryptography with which cryptocurrencies operate and function protects the funds that correspond to each of the users who own it. In turn, they are the only ones who can access using their private key. This cryptography system is considered unbreakable in all respects known to man.

No restrictions: You can use cryptocurrencies for any activity, as long as it is kept within the law. It is not necessary to process a permit to use Bitcoins or any other Cryptocurrency, for example. You could download a platform or the cryptocurrency market of your choice (this is free) to start exchanging them as you want, from anywhere in the world and without prior authorization from any authority or bank.

Monetary properties of cryptocurrencies.

Without debt: The existence of cryptocurrencies is completely real, they represent themselves and are not created from a debt, as is the case with fiat money.

How do cryptocurrencies work?

Each of the transactions that are carried out are sent between peers from the digital wallets of the people who are involved in the transaction, just at the moment when the encrypted codes coincide, these public codes are related to each of the passwords private or cryptographic keys and ensure that each transaction reaches the digital wallet of the other person who carries out a transaction, the transactions that were carried out are recorded in the public ledger of Cryptocurrency, better known as “Blockchain”. Any user that is part of the same cryptocurrency will be able to access the ledger, as long as they have downloaded a full node wallet instead of a virtual wallet, such as Coinbase. Once they have accessed they will be able to view the amounts of each of the operations, but not the account number (since it is encrypted).

It takes the name of "chain of blocks" is because, every time a user makes a transaction: receives or sends a cryptocurrency, either through public or private passwords, the transaction is on the waiting list waiting to be added to the ledger .

Then, as numerous operations occur at the same time, they must be added sequentially, one after the other, it is a chain of blocks of cryptocurrency sending and receiving transactions.

The history of cryptocurrencies

Before the famous cryptocurrencies like bitcoin appeared, there were already other digital currency systems, for a long time countless people tried to create a digital money system, however, none could succeed. The problem with these systems is that they were controlled in all aspects, they were centralized currencies and systems, that is, they were controlled by a government or banking entity. From there, the cryptocurrencies that we know today were born, totally decentralized in nature, just like Bitcoin.

To your surprise and mine 😉, these cryptocurrencies were not created with the intention of being what they are today, Bitcoin was and is the pioneer among all the thousands of cryptocurrencies that exist and was created by a man named Satoshi Nakamoto. The latter never revealed his identity, so it is not known with certainty if there is a single creator of Bitcoin or if there is a group behind the development of bitcoin, the main objective of the invention of Bitcoin was to create an electronic P2P cash system ( peer-to-peer).

Satoshi Nakamoto, who had studied the models that had been created in the past, knew that creating a centralized cash system would bring the same flaws and problems.

Bitcoin was created by Satoshi Nakamoto in 2008, the year in which it managed to increase its value in an incredible and sustained way, this increase in the value of bitcoin is due to the result of the adoption of users to use and save bitcoin as an object of value and savings. Initially its value was around the penny, but it was only a matter of time before the price soared to biblical 😂 or astronomical 😃 levels and that it has even managed to maintain to this day, as I write this blog post, Bitcoin is worth $ 10,000, if a single BTC is worth so much money and it is predicted that it will continue to increase in value, that is why many people in the world save in bitcoins.

However, despite the great success of the cryptocurrency, Satoshi Nakamoto had a big problem: stopping double spending, the latter refers to the moment when the owner of a coin had to spend the same amount of money twice and was the main reason why the other digital systems had failed. The digital currencies that had been created before were always subject to centralization, controlled by a central authority that governed the expenses and the amounts of money that were handled in order to curb double spending, to solve this problem, Nakamoto reached a consensus where all the component parts are included, so if a disagreement arises, the network could not remain operational.

Everything that Satoshi had to do to create a successful system seemed impossible to achieve, but ... This genius in mathematics and cryptology did it, this person or group demonstrated and continues to demonstrate that creating another type of system is possible, as well as other cryptocurrencies decided to join together to form the great network of digital money that knows us today and demonstrate that it is not vitally important to be under a central authority such as a bank or a government that controls the spending and accounts of users, as long as there is a consensus among the parties involved.

As you will see, the history of the creation of cryptocurrencies is not very long, but it certainly brings with it many historical events that have marked a before and after. Today, more and more banks, organizations, investment firms, and even retailers accept cryptocurrencies as a form of payment.

The most popular cryptocurrencies

After Satoshi Nakamoto created Bitcoin in 2008, thousands of decentralized cryptocurrencies have been created and the number does not stop increasing, among the most popular and with the highest value are:

Bitcoin: the first cryptocurrency in the world. It is positioned as the most popular in virtual markets.

Ethereum: based on the bases of Turing, this cryptocurrency gives developers the opportunity to create different applications or improve existing ones that are not compatible with the Bitcoin platform.

Bitcoin Cash: its origin comes from a separation from the Bitcoin community, its value has been increasing considerably, managing to position itself among the list of the five main cryptocurrencies, in terms of market capitalization.

Bitcoin Gold: based on Bitcoin, it uses another type of mathematical algorithm that allows it to be encrypted.

Litecoin: this cryptocurrency was founded with a main reason: to be "digital silver", comparing itself to the term used by Bitcoin: "digital gold". It is considered a fork of the Bitcoin community, with the difference that its limit is 84 million (against 21 for Bitcoin) and it can generate blocks four times faster.

Ripple: what differentiates it from other cryptocurrencies is that it does not use the blockchain for transactions to reach the consensus of the entire community. This for its part uses an iterative process of consensus that, although it is true, makes it vulnerable to hacker attacks, it allows it to operate with greater speed than Bitcoin.

Dash: this network is divided into two levels: the first is made up of the miners that guarantee the security of the network and register operations much faster than Bitcoin miners, while the second is made up of the so-called "master nodes" . The latter are responsible for transmitting the transaction again and enable other types of transactions such as: PrivateSend and InstantSend, always keeping anonymity.

What can be done with cryptocurrencies?

The uses of cryptocurrencies are multiple and varied, although they are usually used mainly for commercial activities, here I show you everything you can do with Cryptocurrencies.

You can buy products and pay for services: Cryptocurrencies are accepted in thousands of sites to carry out online transactions, online payments, today it is possible to pay for flights, mobile applications, jewelry, hotel stays, spare parts for your computer and any service you can imagine.

You can invest and earn money: As we've mentioned before, digital currencies are considered one of the most attractive investments available. The number of people who take risks and invest make big profits. There are even those who claim that thanks to these investments they have become "millionaires."

Commercial payments: Cryptocurrencies are accepted as payment, just like traditional money. It is also possible to withdraw cash, using the "Coin ATM Radar" you will be able to verify which of the 2,000 ATMs distributed in 58 countries is near you so that you can exchange your cryptocurrencies for fiduciary money. In the case of Latin America, the largest cryptocurrency market is in Mexico, where it is possible to pay and even buy cryptocurrencies in convenience stores such as Seven Eleven.