Cryptocurrency Market: What is the Price of Decentralization?

Decentreland is a 3D virtual reality platform powered by Ethereumwhere you need your cryptocurrency to make any type of purchase, which is identified by the abbreviation Manna.

In the decentralized metaverse Users can create, experiment, and monetize content and apps. One of the main features of the platform is the possibility of acquiring land in its virtual reality, building on it and eventually monetizing it.

Unlike other platforms, In decentralization, users are the owners rather than some company . Since MANA is the virtual currency required for the decentralized Metaverse, it is important to know its value in the market.

The value of the decentralized cryptocurrency for today at 10:00 AM (UTC) is $0.630954. This means that the digital currency had 1.18% change During the past 24 hours, in addition to a movement of -1.28% during the past hour.

Due to the level of capitalization, this digital currency ranks Position No. 87 among the most popular.

Digital currencies They are no longer foreign elements and begin to enter the language of everyday life, awakening the interest of those who are concerned with financial matters or even reaching the level of existence. Legal in some areas of the world.

As the name says, digital currencies They use encryption or encryption methods To carry out transactions in an unstructured system, mostly, through Block chains (Blockchain), which moves it away from traditional models where banks act as intermediaries.

Its innovation has led many people to be interested in investing in digital currencies, as their value has increased significantly in recent years Bitcoin, Ethereum and Dogecoin The most popular and those with the highest capitalization in the market.

Each of these units is established through A process called “mining” Users can obtain them through different virtual currency agents or exchanges, then store them in “crypto wallets” or perform various transactions with them using unique keys.

despite of It was in 2009 when Bitcoin entered the market as the world's first cryptocurrency.The truth is that these are just seeing a boom in the financial sphere, so their use is expected to be greater in the near future.

Cryptocurrencies have several factors that make them unique: It is not subject to the control of any institution; No need for third parties in transactions; Blockchains are always used to prevent the illegal creation of new cryptocurrencies or changing transactions that have already been made.

However, through the lack of regulatory bodies such as a central bank or similar entities They are accused of being unreliable and ficklepromoting fraud, not having a legal framework that supports its users, allowing the operation of illegal activities, among others.

Although it may be a paradox, cryptocurrencies at the same time guarantee security to miners regarding the network they are in (the network) which includes code management; Hacking this security is possible but difficult Because whoever tries this must have greater computational power than even Google itself.

Everyone who invests in this type of digital asset should be very clear that this model brings with it a High risk of capitalWell, just as it can have a surge, it can also crash unexpectedly and wipe out its users' savings.

To store it, users must have a file Digital wallet or walletIt is, in fact, a program through which cryptocurrencies can be saved, sent and dealt with. In fact, this type of wallet only stores the keys that indicate a person's ownership and right to a particular cryptocurrency, so it is these tokens that actually need to be protected.