Many people already know how to make money on the Internet, but many people still need to understand the functioning of modern payment systems. To receive the money you earn, you need to be registered, preferably in several services. Today, we will figure out what BitCoin cryptocurrency is and the system’s features.
Back to basics
The first prerequisites for the emergence of electronic money appeared back in 1998. The system creators that will be discussed were among the first to propose developments in this area. Virtual coins in the amount of 50 pcs. “came into being.” thanks to the works of Satoshi Nakamoto, no one still knows whether it was a pseudonym for a person or an organization. It is easy to calculate the Bitcoin rate; for this, the average power of computer equipment is multiplied by the cost of electrical services in the USA. The resulting amount is divided by the number of coins already issued.
The first service allowing electronic currency exchange appeared in 2010; simultaneously, the first purchase was made for virtual money. This was the main reason for the growth of the exchange rate. Today, it is a digital currency used to pay for goods and services and make money transfers, but most importantly, it deserves trust from the authorities. Not so long ago, Tether USDT stablecoin in the BEP-20 network was born, resulting from the division of the classic blockchain into 2 chains. This system differs only in the increased block size limit and the presence of reliable protection against replay and erasure of transactions. A feature of the new coin is also an updated transaction type, characterized by such advantages as signing input values to increase security.
Positive features of the system
The Tether is not very different from its long-existing counterpart, so it makes sense to summarize the positive characteristics of the service.
It does not have a single owner or control center but is accessible to all Internet users. Client programs and electronic wallets are stored on personal computers with full client access installed.
Knowing the address of a cryptocurrency, you can track all operations carried out with it. It is impossible to delete history manually; automatic erasure will never happen. Blockchain is a ledger with open access to all users. The ability to track transactions eliminates the possibility of fraud.
The system provides several levels of interaction; for example, selecting the degree of protection and a set of capabilities for using the service is possible. It all depends on the purpose of using bitcoins.
Users have complete freedom of action because no one and nothing can freeze an account, change the value of a virtual coin, or block/slow down payments. The commission percentage charged is minimal. But most importantly, it is impossible to cancel the payment.
We are talking about a large-scale decentralized computing network with reliable protection against fraudulent activities and high-performance indicators.
Those interested in exchanging Tether BEP20 (USDT) for Bitcoin (BTC) will find the website bestchange.com/tether-bep20-to-bitcoin.html. Using it will let you know which exchangers are ready to offer quality services. Moreover, this is an excellent opportunity to convert electronic funds on the most favorable terms. The work of the service is to collect and display information about the conditions under which each point carries out the electronic currency exchange. Monitoring also has such important information as the volume of reserves and statistical data.
The list of reliable sites at Bestchange is constantly checked and updated if necessary. A site’s reputation is automatically removed from the ranking if it has been damaged. Using the resource will make exchanging electronic currencies as safe as possible.