@SignOfficial

$$$$$$BNB

first months of the year scale up to one of its highs, standing at 63,000

dollars, but after this peak its value declines from May to July to 31,000

dollars practically lost half of its value in three months. The positive data came

next, as there was again a sharp growth reaching its maximum

historical on November 9 reaching the currency to be at its peak maximum in

68,190 dollars after this was losing value until 2022. So far this year

in 2022 its price was declining, continuing the trend it had from the previous year until

reaching a minimum of about 35,000 dollars. Currently, its price remains steady

within a value that varies between 43,000 and 38,000 dollars.

Key data:

 Transaction speed: 7 transactions per second

 Circulating number: 19 million (limited to 21 million)

 Maximum price: 68,190 $

 Current price: 30,000$

b. Ethereum

Ethereum is a blockchain platform that has its own

cryptocurrency. It was created by Vitalik Buterin in the year 2015, its mechanism works

like Bitcoin, but it is true that it is involved in several projects that are

interesting, it is widely used when it comes to carrying out Smart contracts and its

transaction speed is 1000 transactions per second. The projects that

the backing of this cryptocurrency comes from several sources, here we will cite the most important:

 Loot Project: This project deals with virtual bags of NFTs that contain

items for games. These NFTs are elements in the game that can be

to use so if you own Ethereum you can buy bags and have items

exclusive.

 Decentraland: This project is based on virtual reality, in this space

you can acquire land in this reality with Ethereum and build on that

space you have previously purchased whatever you want. There is still much

path to follow in the field of virtual reality and it is important that there is

projects like this for its development.$BNB

18

BASIC PRINCIPLES IN CRYPTOCURRENCIES AND STUDY ON THEIR KNOWLEDGE AND MANAGEMENT

AYLLÓN VILLAR, LUIS ENRIQUE

it could facilitate tracking. Payments could also be made in a

faster if we connect via GPS the information of the purchase contract with the

product exchange, so that once the product arrives at the

consumer is immediately paid by the seller thanks to the

automation of the blockchain.

 Commercial sector: When buying products we always have to

create a profile with a password having to include our data in many and

different platforms. Using a blockchain leveraging identity

digital we could buy any product and it would be safer than the

traditional method, the reason would be that we wouldn't have to enter data that

they ask us in many cases where we live, to provide our emails or

phone numbers, etc. This would also benefit companies, as

just like in the logistics topic we would know the origin of the products here

we would know that the products are not counterfeit and have been sent from the

site where we have requested. Some companies like Nike are already

developing a sub-brand “Cryptokicks” with this technology.

 Real estate sector: Here we will also talk about “Smart contracts,” some

contracts in which the conditions are recorded and then stored in the

blockchain, this will execute automatically when all conditions are met

requirements established by both parties, the only problem with this type is that

no modifications can be made once registered on the blockchain. All

these contracts can be used for the purchase and rental of housing and the

contract. Some countries like Georgia, Japan or Sweden are already using it

for the registration of this type of properties.

 Insurance sector: In this sector, we will also use Smart

contracts, as it is the same as the method of the real estate sector, if one of the

parts have been harmed by something that has happened as soon as the

insurance payment would be made to the affected party as soon as the event occurs, of this

this way many procedures would be eliminated and the

speed.