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What Is Bitcoin’s Role as a Store of Value? Bitcoin is the first decentralized, peer-to-peer digital currency. One of its most important functions is that it is used as a decentralized store of value. In other words, it provides for ownership rights as a physical asset or as a unit of account. However, the latter store-of-value function has been debated. Many crypto enthusiasts and economists believe that high-scale adoption of the top currency will lead us to a new modern financial world where transaction amounts will be denominated in smaller units. The top crypto is considered a store of value, like gold, for many — rather than a currency. This idea of the first cryptocurrency as a store of value, instead of a payment method, means that many people buy the crypto and hold onto it long-term (or HODL) rather than spending it on items like you would typically spend a dollar — treating it as digital gold. Crypto Wallets. The most popular wallets for cryptocurrency include both hot and cold wallets. Cryptocurrency wallets vary from hot wallets and cold wallets. Hot wallets are able to be connected to the web, while cold wallets are used for keeping large amounts of coins outside of the internet. Some of the top crypto cold wallets are Trezor, Ledger and CoolBitX. Some of the top crypto hot wallets include Exodus, Electrum and Mycelium. How Is Bitcoin’s Technology Upgraded? A hard fork is a radical change to the protocol that makes previously invalid blocks/transactions valid, and therefore requires all users to upgrade For example, if users A and B are disagreeing on whether an incoming transaction is valid, a hard fork could make the transaction valid to users A and B, but not to user C., buy chainlink with credit card in canada. A hard fork is a protocol upgrade that is not backward compatible. 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Market information on 2021-12-26 10:20:38
Market capitalization: $ 2354 billion (+ 6.6%) ? (against $ 2291 billion yesterday morning).
Weighted average Bitcoin rate $49994 (+0.17084178 %) ? with a capitalization of $ 945 billion and a dominance index of 40%
Top 30 coins at 2021-12-26 10:20:37
↗️+0.17 Bitcoin BTC $49994.14 $945460517559
↘️-0.04 Ethereum ETH $4037.96 $480100737643
↗️+0.2 Binance Coin BNB $543.86 $90715948694
↘️-0.02 Tether USDT $1 $77987670351
↗️+1.53 Solana SOL $196.5 $60707700605
↗️+0.29 Cardano ADA $1.44 $48092533429
↗️+0.19 XRP XRP $0.92 $43556520401
↗️+0.02 USD Coin USDC $1 $42369630363
↗️+0.86 Terra LUNA $99.49 $36204805172
↗️+0.54 Polkadot DOT $29.04 $28676333911
↗️+0.38 Avalanche AVAX $111.43 $27101569549
↗️+0.08 Dogecoin DOGE $0.19 $25004082879
↗️+0.13 SHIBA INU SHIB $0 $20424388252
↗️+1.24 Polygon MATIC $2.75 $19482253891
↗️+0.36 Crypto.com Coin CRO $0.62 $15686737380
↗️+0.05 Binance USD BUSD $1 $14628623529
↗️+0.28 Wrapped Bitcoin WBTC $50297.53 $13024042469
↘️-0.78 Litecoin LTC $154.69 $10716169607
↗️+0.53 Uniswap UNI $17.03 $10706029911
↗️+1.52 Chainlink LINK $22.13 $10334346000
↗️+0.12 Algorand ALGO $1.6 $10155672764
↗️+0.12 TerraUSD UST $1 $9915245418
↗️+0.06 Dai DAI $1 $9357537930
↗️+0.68 NEAR Protocol NEAR $14.7 $8783050490
↗️+0.23 Bitcoin Cash BCH $448.88 $8500857587
↘️-0.15 TRON TRX $0.08 $8210455184
↗️+0.41 Stellar XLM $0.29 $7136080504
↗️+3.14 Cosmos ATOM $31.34 $7089916801
↗️+0.55 Decentraland MANA $3.72 $6791839873
↗️+0.12 Axie Infinity AXS $106.92 $6512116552