Theresa May Coin price is $0.00043521
As of now, the current price of Theresa May Coin (MAY) stands at $ 0.00043521. In the last 24 hours, the price has increased by +0.00%.
Theresa May Coin (MAY) is a cryptocurrency that was seemingly created as a tongue-in-cheek reference to former British Prime Minister, Theresa May. It was intended to be an alternative, decentralized currency that cuts out traditional banks and other financial institutions, much like other forms of cryptocurrency.
Theresa May Coin, like many other cryptocurrencies, operates on blockchain technology which is a decentralized ledger system recording all transactions made with the particular cryptocurrency.
The creators of Theresa May Coin haven't disclosed their identities, much like the developer of Bitcoin who is known under the pseudonym Satoshi Nakamoto. The creators have chosen to remain anonymous, driven presumably by the decentralized, anti-establishment philosophy that underpins many cryptocurrencies.
Theresa May Coin works on the same fundamental principles as many other cryptocurrencies. It utilizes blockchain technology to keep track of the distribution and transactions of the currency.
Every time a transaction is made, that transaction is recorded in a new 'block' of data. That block is then added to the 'chain' of previous transactions, creating a comprehensive and uneditable history of all the transactions that have ever occurred.
As with other cryptocurrencies, the technology underpinning Theresa May Coin is blockchain. A blockchain is essentially a distributed public ledger, meaning it is not held in one place but shared amongst thousands of computers globally. When transactions are made, they are verified by others on the network, added to a block, and that block is then added to the existing chain.
The benefit of this technology is the transparency and security it provides. As every transaction is visible to everyone on the network, it is extremely difficult to make fraudulent transactions. Additionally, once a block is added to the chain, it cannot be altered or deleted, adding a further layer of security.
Currently, there are around 100.0M of Theresa May Coin in circulation. The total supply is 100.0M. This fixed supply is a common feature across many cryptocurrencies, designed to mimic commodities like gold and create scarcity.
According to recent data, Theresa May Coin currently occupies #1 in terms of its market capitalization, which is approximately $ 43.5K.
Theresa May Coin can be purchased on a number of different exchanges, these include YoBit, CoinExchange. It should be noted that it's advisable to do thorough research before investing in any cryptocurrency, as their values can be highly volatile.
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