![]() ![]() You can think of it like a lottery, or a game of dice. However, as it happens, managing a digital currency of that value with no central authority takes a whole lot of computing power. (Of course, if someone is caught buying illegal drugs or orchestrating ransomware attacks, two of the many unsavory uses for which cryptocurrency has proved attractive, they’d still be subject to the law of the land.) The idea was that growing demand over time would give Bitcoins their value.īut today, a single Bitcoin is worth about $50,000, though that could vary wildly by the time you read this, and no one can stop you from sending it to whomever you like. But the ultimate supply of Bitcoins would be limited. All Bitcoin transactions would be openly accounted for in a public ledger that anyone could examine, and new Bitcoins would be created as a reward to participants for helping to manage this vast, sprawling, computerized ledger. In other words, no single person or entity could control it. That’s the origin of Bitcoin.īitcoin users wouldn’t have to trust a third party - a bank, a government or whatever - Nakamoto said, because transactions would be managed by a decentralized network of Bitcoin users. In 2008, an unknown person or persons using the name Satoshi Nakamoto published a proposal to create a cash-like electronic payment system that would do exactly that: Cut out the middlemen. So a group of free thinkers - or anarchists, depending on whom you ask - started to wonder: What if there was a way to remove controls like these? But that could also mean that if you transfer a big amount of money to someone, your bank will report it to the government even if the transfer is completely on the up-and-up. Banks, credit-card networks and other middlemen can exercise control over who can use their financial networks and what they can be used for - often for good reason, to prevent money laundering and other nefarious activities. Traditional kinds of money, such as those created by the United States or other governments, aren’t entirely free to be used any way you wish. ![]() On the internet, things can get more complicated. We can give it to whomever we want, or even destroy it. Then we swap it amongst ourselves for cars, candy bars and tube socks. A government prints some paper and guarantees its value. This is because crypto prices can vary slightly across providers, so using a single source for this information is very important.For a long time, money has been thought of as something you can hold in your hand - say, a dollar bill.Ĭurrencies like these seem like such a simple, brilliant idea. This page doesn’t just track the latest prices of cryptocurrency though - it also has all the latest news about cryptocurrency that you can read in one place, so that you don’t just know what is happening with your investments, but also why, and can make intelligent and informed choices.Īll data for the values is being sourced from LocalBitcoins, CoinSwitch, Coinbase, WazirX, a trusted and popular platform to trade cryptocurrency. In the last day, its value has changed 0.83%, moving from ₹32.49 to ₹32.77. ![]() Ripple, or XRP, is another hugely popular token, with a market cap of ₹1.7T. In the same time, Litecoin (LTC) moved up from ₹8,200 to ₹8,250, a change of 0.61%, with a market cap of ₹602.5B. Over the last 24 hours, Ether (ETH), the currency for the Ethereum network, went from ₹1,32,967 to ₹1,37,660, with a market cap of ₹17.0T. It is now priced at ₹7.32, up from ₹7.11, a change of 2.86% in 24-hours. Other cryptocurrencies are also now strong investment options and the Shiba Inu-themed Dogecoin, whose symbol is DOGE, which was initially created as a joke, is now one of the best known tokens. It was priced at ₹19,24,891, according to LocalBitcoins, and is now at ₹20,13,558. Even looking at only the most well-known crypto tokens such as Bitcoin, Ether (not to be confused with the Ethereum network for which it is the native token), Dogecoin, Litecoin and Ripple, there has been a lot of movement in their value.īitcoin is the oldest and most well-known crypto token that you can buy, and in the last 24-hours, its value has changed by 4.61%. The pricing of cryptocurrency changes very frequently and remains highly volatile. A daily roundup of news and information about Bitcoin, Ethereum, Dogecoin and more, this page has everything you need to know about cryptocurrency. ![]()
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