Cryptocurrencies: What is the price of decentralization today?

Virtual currencies are on the rise Digital currency has become so relevant today that… Some companies and countries have encouraged its use Although there is no regulation or guarantee. Among the countless cryptocurrencies that have emerged, a few stand out com.decentralland.

Decentraland is a 3D virtual reality platform powered by Ethereumone of the most popular cryptocurrencies on the market, where the users are the owners instead of the company.

The cost of the decentralized cryptocurrency for today at 10:00 AM (UTC) is $0.297855. This means that the digital currency had 3.23% change During the past 24 hours, in addition to a movement of -0.05% during the past hour.

Due to the level of capitalization, this digital currency ranks Position No. 62 among the most popular.

Cryptocurrencies were born in 2008 As an alternative to the decline in the value of many currencies as a result of the economic crisis of that year.

The first digital asset created was… Bitcoin Over time, others appeared, such as: Litecoin, Ethereum, Bitcoin, Cash, Ripple, Dogecoinsome of the most popular.

Cryptocurrencies work through a Cryptocurrency encryption ensures transaction security, as well as control over the creation of your coins .

To make transactions, Cryptocurrencies use a decentralized database, blockchain, or shared ledger.

It is important to note that cryptocurrencies are digital assets that do not physically exist, and unlike currencies such as the dollar, euro or peso, they are not regulated by any institution and do not require intermediaries in transactions.

The latter has caused cryptocurrencies to not be viewed favorably by the official market, accusing them of being unreliable, volatile, encouraging fraud, not having a legal framework that supports their users, and allowing the operation of illegal activities, among other things.

However, little by little the way opened up to the point where companies, millionaires and even governments encouraged or initiated its use.

Elon Musk, one of the richest men in the world, has made comments in favor of virtual currencies such as Bitcoin and Dogecoin, temporarily allowing their use in the electric car company Tesla, causing their cost to rise.

in SaviorPresident Nayib Bukele has legalized Bitcoin, becoming the first country to do so. In case MexicoRicardo Salinas Plego, one of the richest businessmen in the country, announced his intention to accept cryptocurrencies in his companies, and one of his main companies – the Elektra store – has already done so.

For his part, the president said ArgentinaAlberto Fernandez suggested using it to combat inflation. even in PeruThe Central Reserve Bank has warned that it is working on its own digital currency project.

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