Digital currencies have experienced a rise and fall in recent times, as certain billionaire figures – such as Elon Musk – and governments have chosen to give them a boost as legal tender, but they have also experienced some setbacks such as the “cryptocrash”, which occurred in early May 2022, which put many virtual currencies in check.
Despite this panorama, more and more people have decided to acquire cryptocurrencies with the hope of having a medium and long-term investment, despite the volatility that characterizes them.
This is the price of the main cryptocurrencies for this February 19.
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The%20second%20virtual%20currency%20m%C3%A1s%20popular%20of%20the%20market,%20ethereum,%20has%20shown%20a%20movement%20200.35%%20in%20the%20%C3%Blast%2024%20hours,%20for%20what%20its%20value%20is%20located%20in1,960.84%20d%C3%B3lars.
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For%20your%20part,%20BNB%20has%20a%20value%20of%20606,24%20d%C3%B3lars,%20with%20a%20change%20of%20-1.83%,%20salento%20that%20litecoin%20does%20the%20own%20with%2052,77%20d%C3%B3lar%20after%20a%20variation%C3%B3n%20of-2.09%.
Finally,%20the%20dogecoin,%20one%20of%20the%20digital%20currencies%20that%20was%20powered%20by%20ElonMusk,%20has%20a%20value%20of%200,1%20d%C3%B3lars%20after%20present%20a%20change%20of%20-2.82%%20in%20the%C3%BAlast%2024%20hours.
The cryptocurrency market works in a decentralized manner and is based on blockchain technology that guarantees the security of its transactions.Although each of them may have specific rules and mechanisms for their operation, there are some general characteristics that can be listed and that facilitate their understanding:
Blockchain: Unless it is a token, all cryptocurrencies use blockchain technology, a decentralized and secure digital record that allows verified operations to be carried out through a network of computers called nodes.
The blockchain helps record and verify all transactions made with the cryptocurrency and each of them is grouped into blocks, which in turn join a chain of blocks sequentially, thus creating an immutable and transparent history for everyone.
Cryptography: This type of digital currencies use the technique of cryptography to protect privacy between users, authenticate transactions and also control the issuance of new currencies.
Mining: Some cryptocurrencies use the mining process to validate and secure transactions on the network.Miners use their computing power and solve mathematical problems to verify and secure transactions in exchange for receiving rewards in the form of new cryptocurrencies.
However, many cryptocurrencies have a limited supply, meaning that only a finite number of new units will be created, to avoid inflation and maintain the value of the cryptocurrency in the long term.The issuance of new ones may be scheduled or may depend on a community consensus.
Wallets: Wallets are applications or devices that allow users to store and manage cryptocurrencies.There are several types: those that are online (in the cloud);software (on the computer or mobile device);and hardware (physical devices that store private keys securely).
Keys: each user of a cryptocurrency has a public and private key;The first is used to receive funds, while the second is used to digitally form transactions and demonstrate ownership of the funds.
Cryptocurrencies in Mexico: the Bank of Mexico (Banxico) has determined that none of the institutions that participate in the national financial system may use or must allow operations of any kind through this means of payment.
In Mexico, businessman Ricardo Salinas Pliego, one of the richest in the country, has shown interest in cryptocurrencies and has assured that several of his businesses will accept bitcoin in the future, including his bank;Currently one of its most popular stores already does it.
Cryptocurrencies in Peru: the Central Reserve Bank of Peru (BCR) has made it clear that its mission is not to be the first or the second central bank to regulate the use of cryptocurrencies, due to the instability that characterizes them. However, days ago the president of the (BCR) assured that the BCR was working on its own digital currency project.
Cryptocurrencies in Colombia: in the South American nation there are more than 500 places where it is allowed to pay with cryptocurrencies.Colombia ranks 14th among 26 cryptocurrency adoption countries, according to the Finder report.
Cryptocurrencies in Central America: in the government of El Salvador, bitcoin, which in September 2021 became legal tender, has officially lost this status in January 2025 after a reform approved by the country’s Legislative Assembly.According to the local press, the modification of the Bitcoin Law was promoted by the government of President Nayib Bukele and supported by the official majority in the legislative body.This change marks the end of a policy that had placed the Central American country at the center of the global debate on cryptocurrencies.
When creating a cryptocurrency it is important to first determine what asset you want to have: a coin or a token.The first uses its own blockchain, while the second is based on a pre-existing network.
According to the Binance site, to create a cryptocurrency you need a large team of developers and experts;while technical knowledge is required for the token but it is possible to create it in minutes through the use of other blockchains such as Ethereum or BNB, which are the most popular.
The creation costs, the time required and the use of labor will depend on whether you choose to make a virtual currency or a token.In the latter case, you can also use an established code to create tokens or pay to use a coin creation service.
It is important to know that before creating a cryptocurrency, its usefulness and legal status must be considered.
In the case of choosing to create a cryptocurrency, then a blockchain must be chosen, then a plan must be made according to the operation and functionality of the blockchain to design the nodes and the interface.
