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MetaXCosmos (METAX) converter and calculator

MetaXCosmos (METAX) converter and calculator

Convert 1MetaXCosmos (METAX) to United States Dollar (USD) equals $ 0 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of MetaXCosmos(METAX) to United States Dollar(USD). This is the real-time data. The current conversion shows 1 METAX at a value of 1 METAX for 0 USD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

About MetaXCosmos (METAX)

The Significance and Features of Cryptocurrencies

Cryptocurrencies have dramatically transformed the financial landscape by introducing an innovative, secure, and decentralized way of conducting transactions. With roots tracing back to the 1980s and 1990s cryptographic era, cryptocurrencies are relatively new yet have significantly redefined how we perceive, utilize, and manage money. This article seeks to explore the historical significance and key features of cryptocurrencies that set them apart in the global economy.

The Historical Significance of Cryptocurrencies

The idea of cryptocurrencies was mooted in the late 20th century by computer scientists who proposed a decentralized system of electronic money. But it was not until 2009 that this idea took on a concrete form with the advent of Bitcoin, the first cryptocurrency developed by an anonymous individual (or group) known as Satoshi Nakamoto.

Bitcoin was conceived as an alternative currency to traditional forms of money, with a vision to eliminate the need for intermediary entities, such as banks or governments, in financial transactions. Its creation was a response to the 2008 financial crisis and the perceived inefficiencies and vulnerabilities of the traditional financial system.

Since then, the cryptocurrency landscape has grown exponentially, with thousands of cryptocurrencies now available serving various purposes, ranging from serving as a medium of exchange, a store of value, to enabling smart contracts and dApps on their respective platforms.

Key Features of Cryptocurrencies

Decentralization

One of the most distinct characteristics of cryptocurrencies is their decentralized nature. Unlike traditional currencies that are regulated and controlled by central banks, cryptocurrencies are governed by a consensus mechanism in a distributed network. This mechanism ensures that no single entity has control over the currency, thus reducing the risk of manipulation and fraud.

Security and Privacy

Cryptocurrencies use cryptographic techniques to secure transactions and control the creation of new units. Bitcoin, for instance, employs a technique known as blockchain, which is essentially a public, encrypted ledger of all transactions since its inception. This technique enhances security as it makes it nearly impossible to alter transactions once they have been recorded on the blockchain.

Privacy is also a significant feature in cryptocurrencies. While transactions are public, the identities of the parties involved are pseudonymous, ensuring the privacy of users.

Digital Nature

By definition, cryptocurrencies are entirely digital; they have no physical manifestation. This attribute makes them easily transferable, storable, and divisible. It also means that they can be used in online transactions without the need for physical verification or exchange.

Finite Supply

Most cryptocurrencies have a finite supply, which means the total number of coins that can ever be mined is predetermined. For example, the total supply of Bitcoin is capped at 21 million. This finite supply feature is designed to create scarcity and underpin the value of the cryptocurrency over time.

Programmable Money

Cryptocurrencies are not just currencies; they are programmable money. This feature allows developers to embed other functions into the currency, from conditional execution (such as smart contracts) to more complex operations like running decentralized applications (dApps).

In conclusion, cryptocurrencies represent a groundbreaking innovation in the financial sphere. Their historical significance and key features illustrate a shift towards a more transparent, efficient, and inclusive global financial system. While their adoption is still ongoing and not without challenges, there is no ignoring the progressive role they are playing in shaping the financial future.

MetaXCosmos to USD conversion rate trend

The price of MetaXCosmos has not been updated or has stopped updating. Information on this page is for reference only.

Start by learning the basics of MetaXCosmos: What is MetaXCosmos and how does MetaXCosmos work?

You can also check other cryptocurrency converters, such as BTC to USD and ETH to USD.

Bitcoin conversion tables

BTC to USD

Amount
13/11/2024 05:39 today
0.5 BTC
$43,705.67
1 BTC
$87,411.33
5 BTC
$437,056.65
10 BTC
$874,113.3
50 BTC
$4,370,566.5
100 BTC
$8,741,133
500 BTC
$43,705,665
1000 BTC
$87,411,330

USD to BTC

Amount13/11/2024 05:39 today
0.5USD0.{5}5720  BTC
1USD0.{4}1144  BTC
5USD0.{4}5720  BTC
10USD0.0001144  BTC
50USD0.0005720  BTC
100USD0.001144  BTC
500USD0.005720  BTC
1000USD0.01144  BTC

Ethereum conversion tables

ETH to USD

Amount
13/11/2024 05:39 today
0.5 ETH
$1,615.11
1 ETH
$3,230.22
5 ETH
$16,151.1
10 ETH
$32,302.19
50 ETH
$161,510.98
100 ETH
$323,021.95
500 ETH
$1,615,109.75
1000 ETH
$3,230,219.5

USD to ETH

Amount13/11/2024 05:39 today
0.5USD0.0001548  ETH
1USD0.0003096  ETH
5USD0.001548  ETH
10USD0.003096  ETH
50USD0.01548  ETH
100USD0.03096  ETH
500USD0.1548  ETH
1000USD0.3096  ETH
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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between MetaXCosmos and USD.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as MetaXCosmos and USD. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of MetaXCosmos in USD, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.