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Benzinga
Benzinga
Business
Philip Loyd

Check Out 5 Boston Blockchain Startups That Are Revolutionizing Crypto

blockchain Boston Crypto Algorand

A blockchain is a decentralized peer-to-peer network used to facilitate asset transactions without the need for a clearing authority. Assets that can be tracked include tangible items like a car or property, or intangible items like patents and copyrights. Intangibles can include legal tenders like cash, or even cryptocurrencies such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

The cryptocurrency market is a multi-billion dollar industry. Leaders in the field include Bitcoin, valued at around $400 billion, Ethereum at nearly $200 billion, Tether at around $70 billion and BNB at just above $50 billion. The value of the cryptocurrency market fell just below $1 trillion in June 2022 to a level of $926 billion. Global crypto peaked at $2.9 trillion in November 2021.

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