![]() ![]() The downside here is that a hack or cyberattack could be a disaster because it could erase Bitcoin wallets with little hope of getting the value back.Īs for mining Bitcoins, the process requires electrical energy. This means Bitcoin will never experience inflation. Therefore, the total number of Bitcoins in circulation will approach 21 million but never actually reach that figure. At the moment, that reward is 12.5 Bitcoins. He (or they) reached that figure by calculating that people would discover, or "mine," a certain number of blocks of transactions each day.Įvery four years, the number of Bitcoins released in relation to the previous cycle gets reduced by 50%, along with the reward to miners for discovering new blocks. Satoshi Nakamoto, the founder of Bitcoin, ensured that there would ever only be 21 million Bitcoins in existence. And that work comes in the form of mining.īut let's take a step back. Like any other form of money, it takes work to produce them. There are thousands of cryptocurrencies floating out on the market now, but Bitcoin is far and away the most popular.īitcoin, Litecoin, Ethereum, and other cryptocurrencies don't just fall out of the sky. There had been several iterations of cryptocurrency over the years, but Bitcoin truly thrust cryptocurrencies forward in the late 2000s. Blockchain tech offers a way to securely and efficiently create a tamper-proof log of sensitive activity (anything from international money transfers to shareholder records).īlockchain's conceptual framework and underlying code is useful for a variety of financial processes because of the potential it has to give companies a secure, digital alternative to banking processes that are typically bureaucratic, time-consuming, paper-heavy, and expensive.Ĭryptocurrencies are essentially just digital money, digital tools of exchange that use cryptography and the aforementioned blockchain technology to facilitate secure and anonymous transactions. Think of it as a kind of highly encrypted and verified shared Google Document, in which each entry in the sheet depends on a logical relationship to all its predecessors. Essentially, it's a shared database populated with entries that must be confirmed and encrypted. ![]() ![]() In terms of market cap, Axie Infinity is currently ranked #26 in the Ethereum (ERC20) Tokens sector, ranked #8 in the NFT Tokens sector, ranked #4 in the Gaming sector and ranked #4 in the Metaverse sector.Blockchain tech is actually rather easy to understand at its core. The current yearly supply inflation rate is -0.75% meaning -624,425 AXS were created in the last year. The Axie Infinity price prediction sentiment is currently bearish, while Fear & Greed Index is showing 51 (Neutral).Īxie Infinity's current circulating supply is 83.06M AXS out of max supply of 270.00M AXS. The highest AXS price since the last cycle low was $ 6.88 (cycle high). The lowest price since it's ATH was $ 4.61 (cycle low). The AXS price increased 0.73% in the last 24 hours.Īxie Infinity reached its highest price on when it was trading at its all-time high of $ 163.89, while Axie Infinity's lowest price was recorded on when it was trading at its all-time low of $ 0.124080. Axie Infinity price today is $ 5.97 with a 24-hour trading volume of $ 81.55M, market cap of $ 495.47M, and market dominance of 0.04%.
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