Cryptocurrency

Cryptocurrency

• What is cryptocurrency
• Cryptocurrency rates
• The most expensive and popular cryptocurrency
• Where can you use Bitcoin
• What is blockchain
• Cons and pros of bitcoins

What is cryptocurrency

If we turn to Wikipedia, then it gives us the following definition - "digital coins, <...> that can store in e-wallets and transfer between wallets. “

By and large, the "digital coin" is no different from well-known computer codes, which the most ordinary money we are used to are encrypted translations. The bottom line is that regular currency should be launched into the network, and the cryptocurrency in this very network and appears.

Cryptocurrency rates

Bitcoin
USD 48 743,80 UZS 527 023 539
Litecoin
USD 154,18 UZS 1668144
Ethereum USD 3 986 UZS 43169354
Dash
USD 131 UZS 1422553
Dogecoin USD 0,17 UZS 1832
Shiba Inu USD 0,00003276 UZS 0,35

The most expensive and popular cryptocurrency

Bitcoin is a relatively new type of cryptocurrency that only functions on the Internet. Bitcoins are not controlled by anyone, and the exchange rate is regulated only by the market (supply and demand). An emission occurs every time a user buys bitcoins into his wallet using real money. Satoshi Nakamoto is a pseudonym or a person or group of people who developed the Bitcoin cryptocurrency protocol on October 31, 2008 and created the first version of the software in which this protocol was implemented. Several attempts have been made to uncover the real person or group behind this name.

Where can you use Bitcoin

What is blockchain

• It is a virtual bitcoin wallet service and block explorer. Launched in August 2011. The service provides through the Bitcoin system data on the latest transactions, created blocks in the blockchain, economic tables, statistics and tools for developers. Information from the site and links to it are often published in the media and bitcoin forums
• Blockchain.info mobile application allows users to send and receive bitcoins, view blockchain information
• At the beginning of 2015, the service registered 3 million bitcoin wallets

Cons and pros of bitcoins

Cons	Pros
Big risks	Anonymity
Outlaw	Alternative to existing money
Poor security	No taxes
Strong fluctuations in the course cost	International currency
	Lack of control
	No commission
	Reliability