What are cryptocurrencies?

Cryptocurrencies are encrypted digital currencies that are transferred between pairs. They are decentralized, which means that they are not controlled by any bank or government institution. There is a sequence of encrypted codes transmitted and stored over a network. All transactions are confirmed and filed in a public account book. The system uses other complex techniques to certify and validate the record keeping process.


The lack of regulation of cryptocurrencies means that by nature they are highly volatile, and an investment with them can generate a lot of money quickly. The reason why it is still not accepted by many businesses is, partially, due to its lack of regulation.
There is an established amount of digital currency that can be created, and that is something that is assigned in this way from the beginning, so once the figure is reached, no more currency can be produced.




The reality is that the price of bitcoin and other digital currencies goes up and down for various reasons such as the press, news, events and government statements; Nowadays more and more public is starting to use them, and for that reason their price is rising. Its unpredictability makes it attractive for many operators. Later, we will talk about how to manage currencies and how the price can oscillate by themselves.