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ScandiCrypto ยป Cryptocurrencies

Cryptocurrencies

January 26, 2023 by Editorial Staff

Cryptocurrency or crypto in short is a digital or virtual currency that’s procured by its cryptography, which makes it almost impossible to counterfeit or duplicate money. Most cryptocurrencies are decentralized or run on decentralized networks according to a distributed ledger, enforced by various computer networks. The vital feature of cryptocurrencies is that they are not issued by a central authority, so making them theoretically immune to government interference or manipulation.

Cryptocurrencies are a new form of electronic assets according to a network spread over a large number of computers. It is a digital coin that is to be moved between people through virtual transactions. These forms for digital assets exist only as information and not as physical items.

Featured Cryptocurrencies 2023

Cryptocurrencies
ICON
ICON (ICX)
UTrust
UTrust (UTK)
Cardano
Cardano (ADA)

Early Stages of Cryptocurrency

Bitcoin (BTC) is regarded as the first modern cryptocurrency since it’s the first digital currency to work fully decentralized. Bitcoin is one of many cryptocurrencies designed to challenge traditional financial models by using blockchain technology for transactions with different currencies, services, and products. Since the launch of Bitcoin, more than 4000 alternative cryptocurrencies have been created, though very few are broadly used. To this day, Bitcoin remains the benchmark for all other digital coins. Other coins or tokens that have found their way into the Hall of Fame in the crypto-sphere are cryptocurrencies like Litecoin (LTC), Ethereum (ETH), Cardano (ADA), Ripple (XRP) and Tezos (XTZ).

What Are The Benefits of Crypto?

When you utilize a cryptocurrency to pay for goods and services, your transactions are encrypted and recorded in a public register called a blockchain. Blockchain ensures the integrity of this cryptocurrency and eliminates the need for intermediation by third parties such as banks and payment processors. To send transactions of crypto a cryptocurrency wallet is then used to communicate with the ledger. If the cryptocurrency is decentralized it means that it is not issued or supported by a central authority, like a government. Whether gold is traded on a traditional market or FIAT-money traded on a stock exchange, a decentralized cryptocurrency is censorship-resistant because it is not controlled by a central authority. Its worth to mention that the majority of cryptos and tokens can be traded on centralized or regulated crypto exchanges, which might require KYC-verification.

More Cryptocurrency-Projects

Cryptocurrencies
Bitcoin
Bitcoin (BTC)
Ethereum
Ethereum (ETH)
Cardano
Cardano (ADA)
Litecoin
Litecoin (LTC)
Tezos
Tezos (XTZ)
EOSIO
EOSIO (EOS)
Dogecoin
Dogecoin (DOGE)
UTrust
UTrust (UTK)
ICON
ICON (ICX)

Top 10 Best Cryptocurrencies

# Name Price Changes 24h Market CAPVolume Supply
Crypto Prices
  • USD
  • EUR
  • NOK
  • SEK
  • bitcoin
    Bitcoin(BTC)
    $27,620.00-2.11%
  • ethereum
    Ethereum(ETH)
    $1,756.20-2.24%
  • tether
    Tether(USDT)
    $1.010.380%
  • binancecoin
    BNB(BNB)
    $325.130.440%
  • usd-coin
    USD Coin(USDC)
    $1.010.420%
Featured Wallet
Ledger crypto wallet
Featured Exchange
Binance crypto exchange
Featured VPN
NordVPN
Quick Links
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About us

ScandiCrypto consist of a small team of dedicated individuals with a passion for cryptocurrencies and its underlying technology which is blockchain. With many years of researching the cryptocurrency market, we strive to help more people get involved in crypto sharing our knowledge.

Disclaimer

Please note that all investments involve risk and there is never any guarantee of future results. ScandiCrypto.com does not offer financial advice and does not replace a personal financial advisor. The reader is responsible for his or her own investment decisions. We accept no responsibility for the completeness or accuracy of the information on the site.

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