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Сontest for 10 BTC! Yobit Virtual Mining!

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They are safe
According to experts, counterfeiting or duplication of cryptocurrencies is impossible thanks to a sophisticated combination of proven cryptographic techniques. In this sense, each person has cryptographic keys that are necessary to carry out any type of digital operation.

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YoBit is a portal that is ideal for those who are learning because it is very easy and there is a lot of variety of currencies to invest.

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After all, an electronic account is nothing more than a computer file and, without anyone verifying that this file has not been fraudulently altered, the value that appears in said account could be modified or falsified.

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Some cryptocurrencies are deflationary
Cryptocurrencies such as Bitcoin or Litecoin have limited the issuance of their virtual currencies. In the case of Bitcoin, at 21 million and Litecoin at 84 million. This turns them into deflationary cryptocurrencies, as the issuance of these digital currencies decreases over time.

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The blockchain tries to minimize this risk in two ways. First, create a public record of all transactions that take place in cryptocurrency.

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They have irreversible transactions
Other of its advantages are irreversible transactions. That is, if cryptocurrencies are used, no third party can cancel or modify a transaction already carried out. This is so because they are not regulated by a central body that can access them.

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Any new transaction is added to the chain of previous transactions - hence the name of blockchain, which translates from English as chain of blocks - and becomes public as well.

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They are characterized by their immediacy
One of the advantages for e-commerce, for example, is its immediacy. If we have international clients, this payment method could greatly speed up the exchange process, especially between banks in countries that do not have agreements with each other, and have to go through a central bank, causing payment processes to be delayed by several days. .

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This allows any user who receives a payment to verify that the other user has the funds to do so. For example, if Javier wanted to pay two bitcoins to María through the blockchain, it is possible to verify that Javier previously received two bitcoins from Ana and that, therefore, he has the funds to pay María.

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They are transparent
All transactions made through the Blockchain are public. The blockchain file is stored on multiple computers on a network, and not in one place. Thus, this type of storage allows it to be readable for all users, making it transparent and difficult to alter.

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Second, it establishes a system whereby the process of verifying transactions is carried out in a decentralized manner and carries a cost. This mechanism makes it more difficult for fraudulent transactions to be entered.

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Disadvantages of cryptocurrencies
At the same time, we find a series of disadvantages in cryptocurrencies that may be the cause of their non-establishment in society and their mistrust of potential and future users.

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As we mentioned before, cryptocurrencies have allowed the advantages of cash to be brought to the digital world. Not only do they allow payments to be made directly between buyer and seller, but also transactions can be anonymous.

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Possible loss of money
One of its main dangers, and its most risky characteristic, is that if you lose the private key to access your wallet, you lose all the money you had in it, since it is virtual money. Therefore, it is advisable to have a backup of your wallet to avoid this fatal situation.

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Anonymity is due to the fact that although the transaction record contained in the blockchain is public, the digital signatures that comprise it are protected by encrypted codes that preserve the identity of the users.

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Мой дневник Yobit Virtual Mining.

Дата: 03.09.2020

Логин: mrs2002

Примечание:
День 9-й на cryptotalk.org. 
 

Итого на сегодня: 4 майнера Micro - здесь пока стабильно, но готовлюсь купить ещё 1-2 Micro ; +369 MINEX.

Двигаемся.

Продолжение завтра...

image.png.58675d726ac9f0fca9eba0e5b40f89e9.png

image.thumb.png.acc208ad483ade2005064e238d1c00a3.png

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Changes and lack of regulation
Currently work is being done on its regulation and there are several European Union directives pending approval.

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However fascinating the technical details about cryptocurrencies are, their future depends on their viability as a form of money. As explained in the article in this Dossier «From barter to cryptocurrency

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In Spain, given the vertiginous expansion that cryptocurrencies have been having, in particular for the use of remittances and also as an investment asset, new regulations on the matter are expected. In this sense, the State Agency for the Tax Directorate of Spain indicates that "in relation to the fiscal risks observed in operations carried out with cryptocurrencies", the actions will continue based on the general guidelines contained in the Tax and Customs Control Plan.

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