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About CryptoMines(ETERNAL)
The Historical Significance and Key Features of Cryptocurrencies
Cryptocurrencies have undeniably inked their presence in modern economic discussions since the inception of Bitcoin in 2009. They have challenged traditional methods of transactions by promoting a decentralized, secure and peer-to-peer system, thereby granting consumers an alternative course to financial freedom. This article will delve into the historical significance and key features of cryptocurrencies.
The Historical Significance
1. Financial Sovereignty
The creation of Bitcoin, the first cryptocurrency, was prompted by the global financial crisis of 2008, wherein mistrust in financial institutions was ignited among the general population. Bearing the motto: “Vires in Numeris” meaning “strength in numbers”, Bitcoin was designed to offer financial autonomy, a quality necessary in maintaining a laissez-faire system.
2. Promoter of Decentralization
Cryptocurrencies served as a catalyst to the world's adoption of decentralised technology. The Blockchain technology that underlies them, is a shining beacon of this new-age shift. It eliminates the need for intermediary regulators or third-parties and provides authenticity to transactions via a network of computers, each holding a copy of the entire chain of transactions.
3. Fractionalization and Accessibility
Cryptocurrencies have made realm of investments more accessible to the common folk. Allowing fractional ownership has, for the first time, armed the populace to invest even minimal amounts and potentially reap sizable profits.
Key Features
1. Peer-to-Peer Focused
Cryptocurrencies enable a direct relationship between transaction parties. This peer-to-peer system removes the need for intermediaries, reduces cost and expedites transactions — even cross-border ones.
2. Encryption
As the name suggests, cryptocurrencies use cryptographic techniques to secure the creation and management of digital currencies. This renders them nearly impossible to counterfeit.
3. Anonymity
While all transactions are publicly recorded on the blockchain, the identities of people conducting them remain concealed. Each user possesses a 'cryptographic address' that, even if connected to a transaction does not reveal their real-world identity.
4. Limited Supply
Unlike fiat currencies, which can be printed at will, cryptocurrencies like Bitcoin have a finite supply ingrained in their code, thereby giving them ant-inflationary properties
Conclusion
Through the course of their short, but impactful history, cryptocurrencies have indubitably revolutionized our financial landscape. They offer financial sovereignty, encrypted security, anonymity and a global platform free from geographical boundaries. Their adoption and acceptance continue to swell as we continue to venture further into the digital era.
ETERNAL to local currency
Crypto calculator- 1 ETERNAL to USD$0.36
- 1 ETERNAL to JPY0.3589526
- 1 ETERNAL to VND0.3589526
- 1 ETERNAL to RUB0.3589526
- 1 ETERNAL to EUR (Español)0.3589526
- 1 ETERNAL to TRY0.3589526
- 1 ETERNAL to EUR (Italiano)0.3589526
- 1 ETERNAL to EUR (Français)0.3589526
- 1 ETERNAL to EUR (Deutsch)0.3589526
- 1 ETERNAL to CNY0.3589526
- 1 ETERNAL to TWD0.3589526
- 1 ETERNAL to EUR (Português)0.3589526
- 1 ETERNAL to IDR0.3589526
- 1 ETERNAL to THB0.3589526
- 1 ETERNAL to PLN0.3589526
- 1 ETERNAL to UAH0.3589526
- 1 ETERNAL to UZS0.3589526
- 1 ETERNAL to SAR0.3589526
- 1 ETERNAL to PHP0.3589526
Trade ETERNAL perpetual futures
After having successfully signed up on Bitget and purchased USDT or ETERNAL tokens, you can start trading derivatives, including ETERNAL futures and margin trading to increase your income.
The current price of ETERNAL is $0.3590, with a 24h price change of +61.02%. Traders can profit by either going long or short onETERNAL futures.
Join ETERNAL copy trading by following elite traders.
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