|Crypto currency is a digital currency, protected by cryptographic technology. There is no physical analogue to these monetary units, they exist only in virtual space. The term "crypto-currency" came into use after the publication of an article telling about bitkoyne - a digital currency and a payment system. Bitcoin is the brainchild of Satoshi Nakamoto, but what kind of person or group of people is hidden behind this pseudonym, is still not known for certain. The concept of a decentralized payment system Nakamoto was presented on October 31, 2008. Its main principles are: anonymity for all participants, protection from fraud and independence from controlling organizations. As of August 2017, the cost of one bitcoin is more than $ 4000.
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|Unlike bank transfers, which will be very slow and expensive, and if there will be significant amount, the bank can freeze money until they find out the origins. You can transfer bitcoin to anywhere, in any amount and Supervisory authority won’t claim you, because transfers are anonymous and it will be difficult for them to find you out.