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April 04, 2018, 07:55:42 PM |
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With the advent of bitcoin, the debate about the reliability and profitability of crypto currency has not abated. The more electronic money becomes more popular, the more active the discussions around them. Today, no one will convince you that the crypto currency is the most reliable among currencies. Risks are always there. But in fact its reliability is higher than that of gold and the dollar, with which it is compared. And the advantages of such a monetary instrument are much greater. Traditional money is in the management of the national bank. Issued in not always justified quantities. If excessive emissions are sharply depreciated and can at any time become just "paper", as several global crises say over the past 10 years. With bitcoin everything happens differently. Produces coins an electronic peer-to-peer network of millions of computers, within which data is exchanged for a specific protocol and algorithm. Intervene in this process is unrealistic, it is also not possible to control it centrally. Attempts to make changes to the algorithm are fixed by the system and are not accepted. Thus, coin generation is an autonomous process, decentralized and maximally protected. BTCs can be mined by selecting keys to various mathematical algorithms, users of bitcoin cranes and members of crypto-exchange exchanges. Today, the Crypto currency is a currency that is paid for goods and services, and a very profitable way of investing. The exchange rate stability of the crypto currency is the result of user confidence. The secret of the reliability of the crypto currency is in the formation of demand for it. The higher the demand, the level of protection and complexity of generation, selection of keys to algorithms is higher. Under these conditions, the increase in the cost of bitcoin, predicts an increase in the cost of mining equipment and the complexity of the operations performed. All crypto money is stored in an electronic wallet, it is almost impossible to crack, which again underlines the vulnerability of the world currency or the storage of precious metals.
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