Sierracoin price is $0.00066915
Sierracoin (SIERRA) is presently valued at $ 0.00066915, marking a increased over the past 24 hours. The cryptocurrency market is highly volatile, and prices can fluctuate significantly even within short time frames.
Sierracoin is a digital asset and a form of cryptocurrency, just like Bitcoin and Ethereum. However, Sierracoin aims to differentiate itself within the crypto space through unique features or a particular use case. It operates on blockchain technology, which is a decentralized ledger that records all transactions across a network of computers.
The specific individuals or team behind Sierracoin are not universally known. Many cryptocurrencies are developed by anonymous individuals or pseudonyms, following in the footsteps of Bitcoin's creator, Satoshi Nakamoto. Sierracoin's creators may have chosen to remain private or haven't publicized their identities to the broader crypto community.
Like many cryptocurrencies, Sierracoin operates on a blockchain network. This technology allows for secure and immutable transactions without the need for a central authority, such as a bank or government. Typically, Sierracoin would enable peer-to-peer transactions, allowing users to send and receive SIERRA directly without intermediaries.
Sierracoin's core features would typically revolve around its blockchain protocol, which may promise improvements in transaction speed, security, accessibility, or other technical aspects compared to older cryptocurrencies. However, without specific details from the Sierracoin team or documentation, we can only speculate about these features.
Blockchain networks, including that of Sierracoin, generally utilize some form of consensus mechanism—like Proof of Work (PoW) or Proof of Stake (PoS)—to secure the network and validate transactions. This mechanism ensures that all participants agree on the validity of transactions and prevents fraud and double-spending.
The total and circulating supply of Sierracoin is another vital metric. The total supply is the maximum number of coins that will ever exist, whereas the circulating supply is the number of coins currently available to the public. These numbers are represented by 25.0M for the total supply and 5.6M for the circulating supply of SIERRA.
As a measure of the size of Sierracoin in the cryptocurrency market, its market capitalization is an essential metric. This is calculated by multiplying its current price with the circulating supply. Sierracoin's market cap ranking is #1, and its market capitalization is $ 3.8K.
Sierracoin can be traded on several cryptocurrency exchanges. To purchase SIERRA, interested buyers can visit any of the CREX24, Graviex that list the cryptocurrency. Always make sure to use reputable platforms and implement security practices to protect your investments.
The 24-hour trading volume for Sierracoin is 12.2. This indicates how much SIERRA has been traded in the last 24 hours and gives an insight into the coin's liquidity and market activity.
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