Virtual currency, what it is and how many there are

The term "virtual currency" is something that is becoming fashionable in many countries and that more and more people use for multiple things. The popularity of this currency can be seen in the way it operates, since it is done through mathematical algorithms in which all transfers are secure. It is a method in which all users take care of each other, and can verify that all transactions are carried out with transparency.

The existence of the first virtual currency, Bitcoin, has managed to produce many more virtual currencies than we had thought at some point, as the second most important currency, which initially came onto the market as a bitcoin complement but with time became a totally independent currency.

Virtual currency, types:

Bitcoin

Bitcoin is the best-known electronic virtual currency in the world and the most used.

One of the main currencies of the world to be able to make transactions of all kinds is undoubtedly Bitcoin, a virtual currency that is free of taxes, however, this currency is not the only one and we are going to make a small count of the best known virtual currencies .

Although it is one of the most famous currencies in the market, it is also one of the currencies that has less support because the central bank does not want to support it.

You can get more information here.

Litecoin

It is a virtual currency that uses the same system as Bitcoin, however there are certain aspects in which it stands out, such as the confirmation of transactions, which is much faster.

Litecoin has been quoted between US $ 0.05 and US $ 48.

The mining process with this currency is much simpler and can be done with equipment that does not have a large capacity, unlike Bitcoin.

Litecoin has been in circulation since 2011.