This is the value of the decentraland cryptocurrency this day

This is the value of the decentraland cryptocurrency this day
This is the value of the decentraland cryptocurrency this day

Decentreland is a three dimensional virtual reality platform supported by ethereumwhere you need your cryptocurrency to make any type of purchase, which is known by the acronym of MANNA.

In the metaverse by decentraland users can create, experience and monetize content as well as apps. One of the main features of the platform is the ability to acquire land in your virtual reality, build on it and eventually monetize it.

Unlike other platforms, in decentraland the users are the owners instead of some corporation . Since MANA is the virtual currency required for the decentraland metaverse, it is important to know its value in the market.

Decentraland cryptocurrency value

Hour: 3:35 p.m. (UTC time)

Price: 0.7755925 dollars

Change in the last 24 hours: -2.72%

Change in the last hour: -0.31%

Popularity by capitalization: #37

Cryptocurrency, what is it and how does it work?

(Photo: File)

Digital currencies were born in 2008 as an alternative to the devaluation of several currencies as a result of the economic crisis of that year.

The first digital asset created was the bitcoin and over time others like litecoin, ethereum, bitcoin, cash, ripple, dogecoinsome of the most popular.

Cryptocurrencies work through a cryptographic encryption that guarantees the security of transactions, as well as the control of the generation of its units .

To carry out transactions, cryptocurrencies use a decentralized database, blockchain, or shared ledger.

It is worth mentioning that cryptocurrencies are digital currencies that do not physically exist and, unlike assets such as the dollar, the euro or the peso, they are not regulated by any institution and do not need intermediaries in transactions.

An ATM to buy cryptocurrencies. (EFE)

The latter has caused that cryptocurrencies are not viewed favorably by the formal market, accusing them of being unreliable, volatile, promoting fraud, not having a legal framework that supports its users, allowing the operation of illegal activities, among others.

Even so, little by little it has opened the way to such a degree that companies, millionaires and even governments have encouraged or legalized its use.

One of the richest men in the world, Elon Musk, has made comments in favor of cryptocurrencies such as bitcoin and dogecoin, temporarily allowing their use in the electric car company Tesla, which has triggered an increase in their cost.

In The Savior, President Nayib Bukele legalized bitcoin, being the first country to do so. In the case of Mexicoone of the wealthiest businessmen in the country, Ricardo Salinas Pliego, has made public his intentions to accept cryptocurrencies in his companies, one of his main ones -the Elektra store- already does so.

For his part, the president of Argentina, Alberto Fernández, has suggested using its use to combat inflation. Even in Peruthe Central Reserve Bank warned that it was working on its own digital currency project.


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