The Cryptocurrency is a new concept of money or means of exchange, you can also refer to it as virtual currency, digital currency, electronic money or money online.
The best known is Bitcoin, the electronic currency was born in 2009 by Satoshi Nakamoto. At the arrival of 2008, the world economy entered the serious problems and the central banks in which more money was injected because of the creation of the first virtual currency: Bitcoin, the system that is not backed by any government or It depends on the confidence of any central issuer, who use a novel system to prevent double spending and reach approval among all the participants that make up the network.
The currency of the future was born and that future has become present. In February 2011, Bitcoin obtained a dollar with the dollar and in October 2012 it was consolidated as a virtual exchange currency. By March 2013, the total value of all Bitcoins in the market amounts to $ 1 trillion. On April 9, the price of Bitcoin rises to two hundred dollars.
In October 2013, the first Bitcoin ATM was created in Vancouver, Canada and in November 2013, it already exceeded one thousand dollars.
Many coins have been used throughout history, backed by different patterns among the most popular are gold, silver, wheat, tobacco, salt, cocoa and many others; the variables also because of their location in the world. The Cryptographic Currency is backed by the internet exchange itself, which, as you know, has grown very strongly in recent years.
If you like the Content, you can follow me Friends Steemit
