A BIT ABOUT BITCOIN

It is the first cryptocurrency to be developed and, therefore, the one that has paved the way for all the others that came later using its blockchain technology.

There is an amount of Bitcoins that are issued each year and this amount is determined by their algorithm, every 4 years their production is reduced by two, so that only a total of 21 million Bitcoins are issued.

The big difference with conventional currencies is that the banks change the value. This means that the cryptocurrency, in this case Bitcoin, can offer more stability while conventional currencies depreciate in value.

Today, cryptocurrencies are used as a method of payment on many platforms, the currency of exchange in most cases is Bitcoin, as they are secure and private.

MAIN ADVANTAGES OF BITCOIN

1. Speed: Send money to yourself, regardless of the amount and destination, in a matter of minutes.
2. Inexpensive: When making a transfer through your bank it can cost you a lot of money, through Bitcoin the cost is free or just a few cents.
3. Global: You can send anywhere in the world, it has no borders.
4. Decentralised: No government/bank can control it, neither in its creation nor in its distribution.
5. Ownership: The money belongs to you 100%, it cannot be tapped by anyone, you are your own bank.
6. Transparent: All transactions are public, but always under pseudonyms.
7. Limited issuance: No one can generate thousands of Bitcoins just because they feel like it, they appear thanks to mining.
8. Private: Bitcoin tries to preserve privacy, to a very high degree, although it is not completely anonymous and works to be so.