Thursday, April 18, 2024

trillions

by Hideo Nakamura
trillions

Trillions is a term used to refer to large sums of money. In the context of cryptocurrency, trillions typically refers to amounts that are traded on exchanges or in other transactions. For instance, some cryptocurrency exchanges have reported having more than one trillion dollars worth of digital currency trading volume each day.

Trillions also can be used in reference to the total market capitalization (market cap) of all cryptocurrencies combined. According to CoinMarketCap, as of 2021, the cumulative market cap for all cryptos has surpassed $2 trillion USD for the first time ever. This figure includes both coins and tokens from across various blockchains such as Bitcoin (BTC), Ethereum (ETH), XRP, Litecoin (LTC), Dogecoin (DOGE), Binance Coin (BNB) and more.

In addition to these terms related specifically to crypto markets, “trillions” may refer generally speaking to very large volumes of anything else that may be measured in dollar amounts or units: for example, if someone mentions a company’s annual sales being “in the trillions,” it could mean billions or even hundreds of billions but most likely not millions; similarly when talking about computer processing power—if something takes “trillions” of calculations per second versus thousands or millions it would indicate an incredibly powerful system capable only by quantum computers and supercomputers at this point in time

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