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Cryptocurrency Prices

Cryptocurrency Prices

A cryptocurrency is a digital form of assets that were designed to be used as a medium for currency exchange, with a strong emphasis on securing financial transactions, controlling the creation of additional assets and verifying the transaction of assets. Cryptocurrency is made to oppose the idea of central banking systems by using a decentralized control system.

 

This decentralized control of the cryptocurrency is achieved through a technology called blockchain, which is a public financial database, and Bitcoin which was released back in 2009 as a form of free software is considered by many to be the first decentralized cryptocurrency, and since then, over 6000 cryptocurrencies or altcoins were released with the same concept.

 

A digital cryptocurrency system must meet 6 conditions to be defined as such

  • The system will not require any form of central control.
  • The system must keep an overview of the amount and the ownership of the cryptocurrency units.
  • The ownership of the cryptocurrency can only be proven through cryptology.
  • The system defines if new units can be created.
  • The system allows transactions of the units.
  • The system will perform only one of two entered transaction instructions.

 

Cryptocurrency is obtained through multiple ways such as exchange, purchasing, and mining which is the most popular way, mining will reward the miner with a fraction of a unit for their participation in the validation of cryptocurrency ownership.

 

The price of the top 10 most popular is as follows

  • The current price of Bitcoin is $9,436 with a total volume of $30.04 Billion.
  • The current price of Ethereum is $191.28 with a total volume of $13.85 Billion.
  • The current price of XRP is $0.253 with a total volume of $2.31 Billion.
  • The current price of Bitcoin Cash is $383.47 with a total volume of $3.18 Billion.
  • The current price of Bitcoin SV is $280.09 with a total volume of $1.95 Billion.
  • The current price of Tether is $0.999 with a total volume of $39.74 Billion.
  • The current price of Litecoin is $71.61 with a total volume of $5.66 Billion.
  • The current price of EOS is $4.28 with a total volume of $3.07 Billion.
  • The current price of Binance Coin is $18.70 with a total volume of $253.08 Million.
  • The current price of Cardano is $0.057 with a total volume of $176.33 Million.

Bitcoin price

 

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