Read it only if you are new to the world of cryptocurrencies!

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Many of us have heard about bitcoin or any other non-traditional currency; Nowadays it is a topic that is very much in vogue because there is talk of investing in them. But what are cryptocurrencies?

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Bitcoin is one of the many cryptocurrencies that have existed since 2009; Although it is true that it was the first to exist and that it is the frame of reference through which the others of this type can be listed, it is also true that it is not accessible everywhere.
Cryptocurrencies are subjects that many people are passionate about, but are hated by others, especially by those traditionalists who are used to central bank transactions.
They lack this type of characteristics since they are nothing more than currencies or digital currencies, which move virtually. For this reason they tend to be rejected by some as they are based on the fact that transactions can be hacked and money lost. However, the reality is that, lacking a central bank, they are based on a system called blockchain.

We define blockchain

This chain of blocks refers to a series of transactions that are registered in different machines around the world with a serial number per transaction and data of those who carried out the same.
The registry is randomly located in several places and if someone tries to falsify it, then the registry is searched where it was registered, the only one of these that does not match the data then is the one that has been falsified. And immediate actions are taken; for this reason it is very difficult to cheat with them
Very unlike centralized banks; This type of cryptocurrency shows superior security, since in history we have been able to observe that there are many cases in which, in different banking institutions, some type of plot or conspiracy has been created to deceive the system and thus many people are affected; or even by robbing a banking institution, many people can lose their entire money, which can often be their entire life savings.


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Added to this is the fact that many companies have taken on the task of creating mining machines; which are responsible for managing an algorithm that moves the cryptocurrency and thus increases its value, causing the owner of the machine to make a part of the commission for the use of it and thus begins to generate assets.

The benefits of distributed ledger

On the other hand, to be able to hack some type of cryptocurrency, a very powerful machine is required, since, since many machines in the world are connected to this type of asset, a kind of supercomputer is generated to which they are increasingly joined. more parts, and make the security system bigger; For this reason, you would need a computer as large as those of the microsift, google or Apple companies.
However, as such by not having any centralization to a bank, the value that is given to cryptocurrencies is speculative, and this is what in many cases makes them have a somewhat unstable value.
Many translate this to that investing in cryptocurrencies more than an investment can be a gamble; That is why when the market for them begins to lose value, then the decline of them begins.
A kind of collective panic is created and many people stop using them, they begin to sell the stocks they have of them, then it results in a collapse like those that have existed in the past.
It is for this reason that other types of alternative cryptocurrencies are always coming onto the market and with many machines that generate more money.

A point against

However, these types of machines have a high energy consumption and in some countries where electricity is very expensive it is not profitable to purchase and maintain them.


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On the other hand, there is the factor that this type of machine generates a large amount of heat energy; which is used in some countries whose winter is unforgiving to be used as a somewhat primitive heating system to supply the expensive service that in many cases is very high,
Another factor to highlight of these machines is the amount of sound that they produce, since they have one or more heat sinks that make them produce constant sounds from 65 decibels, which is the equivalent of the sound of a horn of an average car.

Check in detail where you will put your money

Many people who do not have enough money to acquire some type of cryptocurrency generating machines tend to hire the services of specialized mining companies, which have various plans that they offer to their clients.

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Then in time they translate your investment into a certain type of profit, however, these clauses can change over time depending on the type of company.

On the other hand, there are individuals who are in charge of “recruiting” investors through different means, such as social networks; and they offer you certain plans from some companies that are not always verified.
Which has given rise to a certain amount of scams that have nothing to do with the blockchain or chain of blocks, but use their trajectory and good name to carry out this type of criminal act.
In short, we can say that the world is always in constant evolution, and many times people's dreams come true in one way or another. This translates to the fact that many have ever dreamed of owning some kind of money-making machine, and in one way or another, cryptocurrency machines are this kind of instrument.
On the other hand, we must be aware that due to a series of events that have occurred in the past and that have led to the partial or total loss of people's savings, this type of virtual currency has arisen, which Their main characteristics are to ensure the reliability of investments and the safe movement of investors' money in them; resulting in better and faster asset management around the world.


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