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Phiat.io (ePhiat) converter and calculator

Phiat.io (ePhiat) converter and calculator

Convert 1Phiat.io (ePhiat) to United States Dollar (USD) equals $ 0 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Phiat.io(ePhiat) to United States Dollar(USD). This is the real-time data. The current conversion shows 1 ePhiat at a value of 1 ePhiat for 0 USD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

About Phiat.io (ePhiat)

The Evolution and Impact of Cryptocurrencies: A Comprehensive Analysis


The digital revolution has dramatically reshaped the financial landscape, ushering in innovative forms of currency and disrupting traditional financial systems. Topping the list of these digital disruptions is the breakthrough of cryptocurrencies. Often, the historical significance and key features of cryptocurrencies are underestimated, leaving many ignorant of the colossal potential of these digital assets. In this write-up, we venture into an in-depth exploration of the world of cryptocurrencies, shedding light on their inception, growth, importance, intrinsic features, and their role in reshaping the global financial world.

Historical Significance of Cryptocurrencies


Cryptocurrencies, with Bitcoin (BTC) representing its genesis, came into existence in 2009 against the backdrop of the financial crisis. A pseudonymous entity called Satoshi Nakamoto published the Bitcoin whitepaper, setting the stage for the evolution of cryptocurrencies.

The primary goal of Nakamoto's invention was to create a decentralized form of currency that would curb the excessive control of financial institutions and provide a transparent and peer-to-peer financial transaction platform. This promise of decentralization, transparency, and financial sovereignty quickly attracted masses, marking the start of a revolutionary era in the financial sphere.

In 2010, Bitcoin traded for the first time, and by 2013, the crypto industry witnessed a surge in cryptocurrencies with the creation of altcoins like Litecoin, Peercoin, and Namecoin. As of 2021, more than 5000 different cryptocurrencies are being traded around the world. Cryptocurrencies are now seen as an alternative form of investment, a medium of exchange, a tool for financial freedom, and are being incorporated into different sectors, including healthcare, real estate, and logistics, thus emphasizing their vast historical significance.

Key Features of Cryptocurrencies


Below are the critical features that have positioned cryptocurrencies as a transformative force in the financial landscape.

1. Decentralization: Unlike traditional currencies controlled by central banks, cryptocurrencies operate on a decentralized network based on blockchain">blockchain technology. This decentralization ensures that no central authority has the power to manipulate the currency.

2. Security and Privacy: By harnessing cryptographic technology, cryptocurrencies ensure the utmost security and privacy. The public and private keys associated with cryptocurrencies protect users from fraud and theft.

3. Transparency: All cryptocurrency transactions are recorded on a public ledger (blockchain) and can be viewed by anyone, promoting transparency and reducing the chances of double-spending.

4. Immutability: Once a transaction is confirmed and recorded in the blockchain, it is impossible to change or remove that information. This immutability prevents fraud and maintains the integrity of the overall system.

5. Accessibility: Cryptocurrencies offer financial services to those with access to the internet, including those who don't have access to traditional banking systems. This feature has the potential to drive financial inclusion globally.

Conclusion

Cryptocurrencies have indeed marked a new era in the realm of finance. With their unique characteristics like decentralization, security, transparency, immutability, and accessibility, they provide an alternative and potentially superior model for conducting financial transactions. Despite ongoing debate around their volatility and regulatory concerns, cryptocurrencies' historical significance and continuing growth cannot be denied. As we move forward in the digital age, cryptocurrencies stand as testament to technological potential, promising a future in which control over monetary systems could be democratized, and financial operations could be more open, transparent, and secure.

Phiat.io to USD conversion rate trend

The price of Phiat.io has not been updated or has stopped updating. Information on this page is for reference only.

Start by learning the basics of Phiat.io: What is Phiat.io and how does Phiat.io work?

You can also check other cryptocurrency converters, such as BTC to USD and ETH to USD.

Bitcoin conversion tables

BTC to USD

Amount
22/11/2024 02:27 today
0.5 BTC
$48,875.71
1 BTC
$97,751.41
5 BTC
$488,757.07
10 BTC
$977,514.14
50 BTC
$4,887,570.7
100 BTC
$9,775,141.4
500 BTC
$48,875,707
1000 BTC
$97,751,414

USD to BTC

Amount22/11/2024 02:27 today
0.5USD0.{5}5115  BTC
1USD0.{4}1023  BTC
5USD0.{4}5115  BTC
10USD0.0001023  BTC
50USD0.0005115  BTC
100USD0.001023  BTC
500USD0.005115  BTC
1000USD0.01023  BTC

Ethereum conversion tables

ETH to USD

Amount
22/11/2024 02:27 today
0.5 ETH
$1,646.99
1 ETH
$3,293.99
5 ETH
$16,469.93
10 ETH
$32,939.87
50 ETH
$164,699.33
100 ETH
$329,398.66
500 ETH
$1,646,993.3
1000 ETH
$3,293,986.6

USD to ETH

Amount22/11/2024 02:27 today
0.5USD0.0001518  ETH
1USD0.0003036  ETH
5USD0.001518  ETH
10USD0.003036  ETH
50USD0.01518  ETH
100USD0.03036  ETH
500USD0.1518  ETH
1000USD0.3036  ETH
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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Phiat.io and USD.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Phiat.io and USD. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Phiat.io in USD, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.