Digital currencies are on the rise becoming a relevant digital currency today to such a degree that some companies and governments have encouraged its use despite not having any regulation or guarantee. Among the countless cryptocurrencies that have emerged, a few stand out, among them decentraland.
Decentraland is a three-dimensional virtual reality platform supported by Ethereumanother of the best-known cryptocurrencies on the market, where users are the owners instead of a company.
The cost of the decentraland cryptocurrency for this day at 10:00 am (UTC) is 0.44343 dollars. This means that the digital currency registered a change of -0.76% in the last day, as well as a movement of 0.03% in the last hour.
Due to its level of capitalization, this digital currency occupies the position #95 among the most popular.
Cryptocurrencies They are no longer foreign elements and have begun to enter the language of everyday life, awakening the interest of those who are concerned about finances or even reaching the level of being legalized in some regions of the globe.
As the name suggests, digital currencies they use cryptographic or encryption methods to carry out transactions in a decentralized system and, most of them, through block chains (blockchain), which distances it from traditional models where banks function as intermediaries.
Its innovation has caused many people to be interested in investing in digital currencies, since its value has increased considerably in recent years, being bitcoin, ethereum and dogecoin the most popular and those with the highest capitalization in the market.
Each of these units are created through a process called “mining” and users can acquire them through various agents or digital currency exchanges, and then store them in “cryptographic wallets” or make various transactions with them using unique keys.
Although It was in 2009 when bitcoin entered the market as the first cryptocurrency in the world.the truth is that these are just experiencing a boom in the financial field, so it is expected that their use will be greater in the not so distant future.
Cryptocurrencies have various elements that make them unique: not being regulated by any institution; not requiring intermediaries in transactions; and almost always use accounting blocks (blockchain) to prevent new cryptocurrencies from being created illegally or transactions already made from being modified.
However, by not having regulators such as a central bank or similar entities they are accused of being unreliable, of being volatilepromote fraud, not have a legal framework that supports its users, allow the operation of illegal activities, among others.
Although it could be a paradox, at the same time cryptocurrencies guarantee security to their miners regarding the network in which it is located (network) and which implies code management; Breaking this security is possible but difficult since whoever tried it would have to have computing power greater than even that of Google itself.
Whoever invests in this type of digital currencies must be very clear that this form brings with it a high risk to capitalWell, just as there can be an increase, it can also unexpectedly crash and wipe out the savings of its users.
To store them, users must have a digital purse or wallet, which is actually a software through which it is possible to save, send and transact cryptocurrencies. In reality, this type of wallet only stores the keys that mark a person’s ownership and right to a certain cryptocurrency, so these codes are the ones that should actually be protected.
