Cryptocurrencies are considered highly volatile assets. The asset-based cryptocurrencies are used for digitizing an asset, and the record is stored on the blockchain. For example, if a real estate property is sold to an individual, the information will be digitized instead of required paperwork. The records, like property location, deeds, and ownership history of the property, are stored on the blockchain. Bitcoin is the most valuable cryptocurrency globally by market capitalization, only subject to 20% to 30% swings in price on any given day.
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