ParallelCoin price is $0.04971445
The current price of ParallelCoin (DUO) is $ 0.04971445. In the last 24 hours, the price has increased.
ParallelCoin is a digital currency that utilizes peer-to-peer technology to facilitate instant payments worldwide. Unlike traditional currencies that require a central authority for management, ParallelCoin has no central authority. Transactions and currency issuance are done collectively by the network. ParallelCoin is also the name of the open-source software that allows the use of this currency.
The team behind ParallelCoin (DUO) has remained somewhat anonymous, consistent with many digital currency projects. The coin was created by developers who believe in the decentralization of money, as evident from their peer-to-peer structure.
As a peer-to-peer digital currency, ParallelCoin's operation varies significantly from traditional currencies. The network of users manage transactions and issue currency collectively, bypassing the need for any central authority like a bank or a government. When a transaction is made, it's verified by a network of computers (nodes) and then added to a public ledger, known as a blockchain.
ParallelCoin, like some other decentralized digital currencies, offers a unique proposition by striving to resist centralization. Its uniqueness mostly stems from its peer-to-peer structure which eliminates the need for any centralized authority for transactions and money issuance. This structure empowers individuals, as they have full control over their finances, all while offering fast, global, and secure transactions.
As of now, there are DUOs in circulation. The total supply of ParallelCoin is 1.0M.
The market capitalization of ParallelCoin (DUO) currently stands at $ , making it ranked #1 in terms of market cap among all cryptocurrencies.
The network security of ParallelCoin is enhanced by its peer-to-peer structure. Each participating computer (or node) in the network verifies transactions, adding an extra layer of security. After verification, transactions are added to a public ledger, or blockchain, which is practically tamper-proof due to its decentralized nature.
You can buy ParallelCoin (DUO) from the following exchanges: YoBit. Always remember to exercise caution when dealing with cryptocurrencies and only transact with reputable exchanges.
Safety for cryptocurrencies like ParallelCoin revolves around secure storage. To keep your coins safe, consider storing them in a secure wallet—ideally, one that allows you to control your private keys. Be cautious about sharing sensitive information online and avoid clicking on suspicious links. Regularly updating your wallet software can also enhance your security. Always remember: if you lose access to your wallet or your private keys, you'll likely lose access to your coins permanently.
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