Sunday, December 25, 2016

Bitcoin: how competition for the currency paper or solution to the global crisis? – The World

24-12-2016 10:45:00 to.m. | Emen.- The Bitcoin, the criptomoneda born in 2009 under the signature of Satoshi Sakamoto, based on the data mining, it is a virtual currency that continues to operate as currency independent, not controlled by governments, serving as a payment system and carrying out daily transactions worth billions of euros, described’OON.

according To a paper published by the portal, the daily.it is, in fact, what is interesting about this technology is not the currency nor the exchange-value that is currently in 727.28 BTC/EUR but in your system of use, the Blockchain.

According to a recent study of the consultancy pricewaterhousecoopers (PwC) , 60% of professionals in banking claim to be familiar already with this protocol that could radically change the sector.

"Not in vain the own consultant points out that its use would allow entities to reduce their spending and, in addition, would provide that the transactions were carried out with greater transparency, thereby the compliance of the regulation" reflects the work of the journal.is.

Experience up

The stock market continues on a march towards the future with technologies on a decentralized basis. little by Little, the main markets that move all sectors of the global economy recognize the need to adapt with new tools: Bitcoin and the blockchain.

Ukraine has evolved with the passage of time in this field. The route of the application of new technologies did not stop at the banking, auctions or elections. Now it is the turn of the Ukrainian Exchange (UX), the main securities market of the european country, which announced the launch of two futures contracts, according to the index, bitcoin, and using the reference Brent crude oil, explained Diana Aguilar in a paper published in the portal Criptonoticias.

according To this research, stated that the business contracts of the future is focused on two key business and on the rise: oil and bitcoin.

as explained Alexey Sukhorukov, Managing partner of Investment Group UNIVER in the note published by the Ukrainian Exchange: "The uniqueness of the situation is that Ukrainian Exchange is the first regulated market in the world to offer futures contracts with Bitcoin".

The Committee of the Central Bank of Nigeria is also currently studying the possibility of using the Bitcoin. Alhaji Umaru Ibrahim, managing director of the NDIC, said that this committee is intended to find the advantages and disadvantages of the digital currency, as well as its different uses and risks of face to the public.

as stated Criptonoticias, Nnigeria would not be the first country to use Bitcoin before the crisis that is currently facing that country due to the stoppage of their exports; territories such as Greece, Zimbabwe, Argentina and Brazil have seen an increase in the use of criptomonedas as the solution that they found many of their citizens to be able to combat the economic crisis.

Advantages and disadvantages

Bitcoin is a new payment system with a money completely digital. Is the first currency that is decentralized allows us to pay items or services without a central authority (such as a bank) or brokers.

According to areatecnolgia.com, there are several advantages and disadvantages of this criptomoneda. Here are some:

Advantages

Freedom of Payment: it Is possible to send and receive any amount of money instantly anywhere in the world, without borders, without holidays, without limits, etc, Bitcoin allows users to have maximum control of your money.

Security and Control: The users have full control of their money and their transactions. There is not any possibility that you are charged unexpected fees, as with other Payment methods. Payments made with Bitcoins can be done perfectly without the need of giving any type of personal information of the user which makes your transaction is perfectly protected against thieves. Users of bitcoins can also protect their money with backup and encryption.

Transparent and Neutral: Any information relating to the supply of money with Bitcoin can be read and checked easily at real time. No organization or individual can control or manipulate the protocol Bitcoin because it is cryptographically secure. In this way, we can say that Bitcoin is neutral, transparent and predictable so that we may trust in him perfectly.

main disadvantages

Beta Development Software: The software developed to use the Bitcoin is still in beta, that is to say, in testing phase, so there will be a lot of features still pending or in development for this system to be as safe as possible for use by the greater part of the world.

acceptance:
Due to the above there is still a long way to travel for people familiar with the Bitcoin, and in addition many people still don’t even know that there is such a system. While many companies are already accepting this system for its advantages, the number of them is still small in relation to what is expected of this new form of digital money.

Confidence: Never before has the world had seen the birth of a new type of "money" like this that makes us wary on how it will work and what role it will play in our current society. There are countries that are studying it and, for example, china does not accept transactions in bitcoin.

LikeTweet

No comments:

Post a Comment