MAIN CHARACTERISTICS OF THE CRIPTOMONEDAS

in #bitcoin6 years ago



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Decentralization: Most cryptocurrencies are decentralized, which means that they do not are controlled by any financial institution, state or company, making the possibility of supply shocks in this way.

They are from a single owner: This implies that no other person can access them, eliminating the possibility to freeze or close accounts arbitrarily.

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Lower commissions: In the exchange of goods and services with cryptocurrencies it is not need to have intermediaries. By passing the money directly between person and person, they are eliminated the charges associated with the transactions, these being considerably lower than those of traditional market. However, in times of high congestion, these commissions may increase considerably in some blockchain like Bitcoin, problem that has been tried solve with the different bifurcations in the past (which gave birth to Bitcoin Cash and Bitcoin Gold).

Security for all parties: By not disclosing bank accounts or debit card numbers or credit, the risk of suffering from these items is reduced to zero. Complex cryptographic system: This technology makes it impossible to duplicate or falsify it. They have a value in traditional currencies: They can be exchanged for dollars, euros or any other currency at any time
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