@ChrissCrypto 18 February 2021 more from that month

What are Cryptocurrencies? Part 2/2

Find Part 1 **HERE** - ***What are Cryptocurrencies? Part 1/2*** https://read.cash/@ChrissCrypto/what-are-cryptocurrencies-part-12-e5da4c4a   **Cryptocurrency is: Decentralized** ***Our current banking system is CENTRALIZED!*** All our transactions are **processed through Banks** (Trusted Third Parties).   Behind each Cryptocurrencies there is a **Communication Protocol**, which allows to **carry out the transactions**, but also **to run the System** (the **Blockchain**). **The more a Network is Decentralized**, the more **Reliable**, **Robust** and **Secure** it will be. This **decentralization** is the fact that **no information is centralized on a single server**, **nor a single Database**, the millions of users of the Network are the Guarantors of the Security and Authenticity of the Blockchain, which makes it therefore Unforgeable, Immutable and Tamper-proof. **Decentralization** is the fact that **No one**, either a physical person or an entity of any kind, **is able to control the Blockchain alone** (false Blocks, double expenses ...).   This brings a lot of advantages: ***No one owns the property***  ***Anyone can be a participant*** (and receive compensation for it). ***No one may falsify or modify the Network.***  ***No one can create more Crypto units than what has been defined in the White Paper***.

**Cryptocurrency is: also Securing your Blockchain** A **Network user allows the System to function properly**, thanks to his computer, new Blocks can be generated, allowing transactions to be carried out. For its **commitment to the Network**, the **user receives compensation in the form of Cryptocurrency** (new Crypto generated), generally this is the Network's Cryptocurrency, ***which is called 'Minors' for the Bitcoin (BTC) Network***.   **Each 'Minor' has an up-to-date copy of the entire History of Transactions made on the Blockchain**, which makes it **completely forgery-proof** (unless you falsify all the Copies recorded on the Millions of computers spread across the Globe).   The other advantage of the **Cryptocurrency is that it is international!** You can say goodbye to the obligation to go to an exchange office when you want to go to a foreign country that uses a national currency other than your own. Whereas for Bitcoin, **whether you are** in the USA, Russia, the European Union, Australia, China, etc... **1 Bitcoin (BTC) will always be equal to 1 Bitcoin (BTC)** and therefore it is no longer necessary to change to another Currency.  There is an **invisible conflict between the Cryptocurrencies and the Financial Institutions of the World**, as Christine Lagarde said when she was still General Director of the IMF: ***The Cryptocurrencies could eventually destitute the banking sector and call into question the traditional currencies***.   Today we can use Cryptomoney for almost all our daily expenses: ***Online Shopping*** ***Paying our invoices*** ***Payment for Services***  ***Convert to Fiduciary Currency*** ...   Every day, the list of places where it is possible to spend your Bitcoin (BTC), but also Ethereum (ETH), Litecoin (LTC) ... is getting longer, here is a short list  **San Francisco** - USA: ***Hotels***, ***Restaurants*** **Berlin** - Germany: ***Paying your study fees at the 'European School of Management and Technology'*** **Hannover** - Germany: **Paying your electricity bills** **Tokyo** - Japan: ***Various Stores and Bic Camera Chain Store*** **Dubai** - United Arab Emirates: ***Buy an Apartment*** & ***'EmCash' to pay for public and private services*** (bills, schooling, coffee ...) **Amsterdam** - Netherlands: The World Bike Capital, ***it's possible to rent a bike with Cryptos***. **The Hague** - Netherlands: ***First*** '**Bitcoin Boulevard**' ***in the world***, hundreds of stores and restaurants accept Bitcoin. **London** - United Kingdom: ***Pay with a VISA card, the Dragoncard*** (powered by Cryptocurrencies) **Saint Petersburg** - Russia: ***Paying your gym membership*** **Paris** - France: '**Passage du Grand Cerf**' ***small Parisian*** **Bitcoin Boulevard**

And finally, here is a small quote from **Roger VER aka 'Bitcoin Jesus'** (2017): ***If you have Bitcoin, no institution can seize your money by force. No authority can block your payments.*** ***So if you're a proponent of Peace, you should love Bitcoin.*** ***Bitcoin is the currency of Peace, the Dollar and other currencies are the currency of War and Corruption***.   Thank you all! See you soon **Christophe WILHELM** **Bitcoin Meister** https://bitcoinmeister.eu/ **© Bitcoin Meister**   Source pics: **Google** http://www.google.com/   Resources https://bitcoinmeister.eu/