Exchange Tether ERC20 to Bitcoin

Founded in March 2014, Tether is the world’s first platform to offer the joint benefits of the Bitcoin blockchain and traditional currency, by converting cash into a stable digital currency equivalent. Tether’s mission is to allow all Bitcoin companies and individuals to transact with stable digital currency as if it were bitcoin. By leveraging innovative Blockchain technology, Tether allows you to store, send and receive local currency such as dollars, euros, and yen person-to-person, globally, instantly, and securely for a fraction of the cost of any alternative.

Bitcoin is a peer-to-peer electronic cash system that uses units of account under the same name. Bitcoins may be used to pay for goods and services provided that the suppliers accept them. There is a mechanism that allows to exchange bitcoins for traditional currencies with the help of special currency markets and exchange offices. On of the major Bitcoin distinctions is that it has no centralized issuing authority. The issuing mechanism can be used by anyone but within strict limits and only by using computational resources of the special hardware that is used to avoid double-spending. The base element of Bitcoin is an open-source code client application. The client applications are peer-to-peer networked with the help of an application layer protocol. For ensuring normal functioning and security of the system, cryptographic methods are used.