[VIRTUAL CLASSROOM] ¿WHAT IS BITCOIN?
¡GREETING MY FRIENDS!
Today I bring you a new section called [VIRTUAL CLASSROOM] This section will be destined to the progressive learning of all the things that will help us to understand how the world of online earnings works and everything we need to know to keep up with the technological advancement of this area.
So... ¿What is the Bitcoin?
Bitcoin is a fully digital currency. This means that it is a currency like any other (USD, EUR) but with the particular difference that it is created and used only through the internet. There is no physical currency that represents bitcoin and does not depend on a governmental or bank organization.
It's code is totally public and based on a p2p protocol is a fully decentralized currency.
A P2P network is one that uses a peer-to-peer network, network of pairs, network between peers. A network between pairs is a red of computers in which all users do not have servers, but a series of nodes that act as equals, wich means they act simultaneously as clients and servers with respect to the other nodes of the network. P2P networks allow the direct exchange of information, in any format, between the interconnected computers.
¿Why it's so important?
The fact that bitcoin does not depend on a single entity and enjoy complete anonymity as opposed to current payments with credit card, nfc chips or through user service accounts by companies that have our personal data gives a lot of "value of use". Basically bitcoin is as anonymous as cash: nobody knows by how many hands it has passed and by how many hands it will pass. And as bitcoin is not printed, we avoid the phenomenon of inflation.
Use value is the ability of an object to satisfy a need. Is determined by its natural conditions. Is determined by the characteristics of the object itself and by the specific and concrete use given to it according to those characteristics.
Inflation is the increase in the amount of money, not compensated by an increase in the quantity of goods produced.
The official abbreviation for bitcoin is BTC, and its symbol is a crossed b with one or two vertical lines (฿) similar to the dollar line, but with no middle part. 1 BTC can be divided into 1000 BTCm or MBTCs, which come to be thousandths of a BTC; or in one hundred million satoshis in honor to the Japanese creator of the coin Satoshi Nakamoto.
Like any other currency, the value of bitcoin varies. Currently a bitcoin is equivalent to $ 4,350 [four thousand three hundred and fifty] dollars.
On this page you can check the value of bitcoin: www.preev.com
As we mentioned 1 only bitcoin has a value of approximately $ 4,350 and I do not know about you but I would love to have one.
¿How bitcoin can help in the middle of this crisis? Let's give an example
In a country hit by hyperinflation and the impression of infinite money, blocked by capital controls and closed borders, bitcoin often comes to mind; Venezuela occupies the second place in the bitcoin market potential index (bmpi), this is in charge of measuring the places in the world where the potential of bitcoin adoption is greater.
With its unique characteristics (without borders, outside the manipulation of the governments, antiinflationary, finite, decentralized, resistant to censorship), bitcoin could be a lifeboat that previous generations never had.
Bitcoin can be used as a way to save and secure our money, in order to protect our riches from the hyperinflation we are currently facing. Bitcoin can really help Venezuela to flourish economically and free Venezuelans from the controls they impose on us.
Is available to all, as it is not necessary to acquire 1 btc integer, but we can acquire satoshis which as explained above are micro-bitcoins or small parts of the coin.
With this new learning and a positive mind let's keep moving forward until we see all our dreams come true and we can help many people along the way.
bitcoin is a way to spend money with governments being able to track what you buy
Actually, that doesn't even have sense.
Congratulations @ilberch! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPThis post has been ranked within the top 10 most undervalued posts in the first half of Aug 28. We estimate that this post is undervalued by $55.64 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Aug 28 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.