What are cryptocurrencies and what advantages do they offer today

What are cryptocurrencies - Crixto

You always have to go back to the original source, to the roots, to where everything came from. The CRIXTO App Web Service wants to put at your fingertips what are cryptocurrencies. In a world so agitated and changing we tend to forget those who are lagging behind. Today we want to go after them to explain clearly what seems to be an everyday occurrence.

Crypto-currencies are a type of digital currency that aims to act as a means of exchange. Cryptocurrencies have become popular in the last decade. It has been without a doubt the rise of Bitcoin the great event. It became the most widely tracked alternative currency.

Typically, crypto currency is only electronic and has no physical form. The graphic representations commonly seen in the media are only an artistic vision of digital currency. On many occasions both locals and outsiders wonder what crypto-currencies are. It doesn’t really matter what level of experience one has, the question often arises.

Crypto-currencies attract many people because of their ability to be managed without a central bank. Therefore it is concerned with secrecy and subterfuge. It appeals to their ability to maintain value and not be inflated by central banks that want to print money. It is also very difficult to counterfeit due to the blocking ledger system that manages the currency.

Blockchain: What are cryptocurrencies

Crypto-currencies are produced, tracked and managed through what is called a distributed ledger. This is known as a blockchain. In a distributed ledger, the movement of currency is processed by computers in a decentralized network.

Complicated algorithms are used to ensure the integrity of the financial data and the ownership of the crypto-currency. It is a gigantic endless receipt of all system transactions that is constantly being verified by everyone who can see the receipt.

And it is precisely in this maelstrom that a definition of what crypto-currency is is best revealed. They are part of a decentralized system that avoids a central authority. That’s part of the appeal of crypto-currencies like Bitcoin. It keeps governments and central banks out of the monetary system, reducing their political interference and maneuvering.

To this end, in some crypto-currencies, the number of currency units is limited. Bitcoin has an organized system in which no more than 21 million bitcoins can be issued. what are cryptocurrencies

What are cryptocurrencies - Crixto

Where the cryptocurrencies come from

The key way is through what is called mining. It is in this process that cryptocurrencies are revealed. Powerful computers, often known as miners, perform calculations and process transactions in the ledger. In doing so, they gain a unit of currency, or at least a part of a unit. These calculations require a lot of expensive processing power and often a lot of electricity.

The owners of the coin can store it in a crypto-currency wallet. This is a computer application that allows the coin to be spent or received. To perform a transaction, users need a "key", which allows writing in the public book, noting the transfer of the money. This key can be linked to a specific person, but the name of that person is not immediately linked to the transaction.

At this point there is no limit to the number of crypto-currencies that can be created. The range of them is amazing. Literally thousands of coins appeared in recent years, especially when Bitcoin shot to mainstream popularity in 2017. Some of the more popular crycryptocurrencies ts include Bitcoin, Litecoin, Ethereum, Ripple and Tether. Even Facebook has been trying to get into the cryptocracy game using the Libra. what are cryptocurrencies

Cryptocurrencies and CRIXTO

Now that we have clarified the doubts of those who are lagging behind, or refreshed the data of those who know, let’s talk about the role of CRIXTO. With our digital payment platform, you will no longer wonder what cryptocurrencies is. CRIXTO is a digital platform for making payments in cryptocurrencies . It was specially designed to be used in Latin America. CRIXTO users will be able to make payments in Bitcoin. (BTC) Ethereum (ETH). or Litecoin (LTC).

The important thing is that commercial establishments will receive dollars, euros or legal tender directly in their bank accounts. With crypto we make crypto-currency usable. Becoming an affiliate is very simple. Pay with crypto currencies in a fast, easy and secure way. You can make your payments using your cell phone in a simple, fast and comfortable way. In addition, your crypto-currencies will be protected and secured in our platform. You will be able to recharge from any wallet in the world, where you have your crypto currencies.

CRIXTO will allow users to buy goods and services directly using the crypto currencies as a vehicle. Specifically, you can use Bitcoin, Ether and Litecoin in the establishments affiliated to the platform, without the need to change them in Bs, as the great majority do today, thus avoiding the complication that this brings with it.

In addition, CRIXTO allows users to change within the platform the crypto currencies in dollars and to make payments to international suppliers; in this way, the volatility of the crypto currencies market is avoided and the devaluation is protected.