Finance, like most human inventions, is constantly evolving. In ancient times, people changed some goods to others. After a while, they switched to coinage of precious metal coins, including silver and gold, over which, over time, paper money appeared. And so, the next step in the financial evolution – all crypto coins. This new form of calculation has been constantly developing over the past decades. This is a new form of money, called Bitcoin created and stored in digital form. But its main difference from traditional means of payment is decentralization or the absence of the possibility of influencing its course and development on the part of governments or regulators. Historically, any currency has a basis on gold. But behind all cryptocurrency do not cost precious metals.
All cryptocurrency in world
The popularity of the crypto currency and the number of those wishing to earn money on bitcoins and other crypto money have generated a sufficient number of myths about the cost of investment to start a decent earnings. It should be noted that bitcoin is not an infinite virtual value. Total will be released 21 million units of digital money. However, for the right to receive a limited number of crypto-currencies through the lease of their own computing capacities, after enthusiastic private entrepreneurs who gathered special bitcoins in their homes, large companies joined in addition.
One of those who on industrial scale began to extract bitcoins became Chinese miners. First, Chinese investors merged into large pools, and then serious investors and big money came to the market for bitcoins and other crypto-currencies. Aware of the prospects for crypto currency with instant transfer, withdrawal and minimum commissions, large production capacities, the so-called “mining mines” – processing centers occupied several floors and even entire buildings, completely clogged with servers and racks with video cards, were thrown at the development of a limited crypto-currency fund.
All cryptocurrency prices
At the moment, it is China that dominates the market for mining and trading bitcoins and crypto-currencies in general. In China, there is also the largest mining-farm in the world. Located in the industrial park SanShangLiang computer center belongs to the company Bitmain. It is not easy to compete with large industrial players in the market for bitcoin, lightcoin, and etherium production, but experienced miners explain that investments of 200-250 thousand rubles allow you to reach an income of about (plus or minus) 2000 rubles per day. For bitcoin mining requires not only a specially configured computer hardware, but also a special software. However, after receiving the first payments to the bitcoin-wallet, there is a question of withdrawal or cashing out of funds. Just here, and there is a whole heap of legal conflicts, which each country prefers to resolve in its own way.
Absolute anonymity and all digital currency bubble
Contrary to popular belief, virtually all information, including bitcoin-purse numbers and transfer amounts, is publicly available. At the same time, purse numbers and understanding of the volumes of encrypted block-money transfers are the only thing that “third parties” can see. All confidentiality in blocking transfers is preserved due to the fact that the transaction chain is stored only between the sender and the recipient of the transfer. The main legal complexity, discussed not for the first year, was and remains relative anonymity bitcoin-purses and, as a consequence, absolutely closed data on their owners. This circumstance in many respects serves as the reason of refusal from giving bitcoin the official status of digital money as such. In addition, bitcoin makes a huge competition with the usual banking schemes, allowing you to transfer and convert to real currency (dollars, rubles and euros) amounts with significantly lower commission than when dealing with currency in banks. In addition, bitcoin-exchanges allow you to transfer and convert even small amounts to bitcoin, etherium, lightcoin and other crypto-currencies, including hundredths without binding to a certain minimum.
Do alt coins have a future?
The potential for growth of the network for the consumer consists in reducing the payment for transactions, which makes alt currency competitive compared to the commission on bank cards. The only obvious drawback is the lack of protection of participants, since the possibility of returning the funds sent is not available. But for now. In the future, everything can change.
The legalization of bitcoin’s use in Japan of a similar intention on the part of Russia may serve as an incentive for wider recognition of bitcoins in the world and the growth of their course. However, in order for bitcoin to become a generally accepted form of currency, it has a long way to go because of the lack of a control system due to technological limitations. In the end, further success, the BTC rate and the evolution of blockbuster is reduced to the relations of central banks to digital currencies. If the day comes when it will find ways to combat money laundering and other fraudulent schemes, bitcoin will undoubtedly await a great success in the future.