CryptocurrenciesThe current cryptocurrency price spike looks less like a trend and more like speculative madness - an atmosphere. One of the reasons we see so many cryptocurrencies is the underlying blockchain technology. Why are there so many cryptocurrencies.
Why Are There So Many Cryptocurrencies, CryptocurrenciesThe current cryptocurrency price spike looks less like a trend and more like speculative madness - an atmosphere. Hence the solution to the question why are there so many cryptocurrencies. There are also other reasons why there are.
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According to coinmarketcap a leading crypto market aggregator there are over 9000 cryptocurrencies at the time of. Blockchain is a technology open for all meaning. In principle at least all the difficulties around creating a cryptocurrency thats technically and functionally comparable to Bitcoin were worked out in 2009. Cryptocurrencies are built on a blockchain.
Since the creation of Bitcoin more than a decade ago many other cryptocurrencies have followed.
This is due to the fact as greater use instances are formed designed and idea out more blockchains may be evolved and extra cryptocurrencies birthed. Well one reason is to leverage blockchain technology. We also expect more cryptocurrencies within the near future. Not all cryptocurrencies have the same functionality. According to coinmarketcap a leading crypto market aggregator there are over 9000 cryptocurrencies at the time of. Essentially because theyre relatively straightforward to make and an ICO seems like a fast way to make money.
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