90 likes | 99 Views
In the above blog, Nikit Shingari has been able to mention a few types of cryptocurrency and how they work. If you are a seasoned investor or trying to make your first investment, you need to know the major types of cryptocurrencies and how they work in order to make informed decisions. <br><br>
E N D
Understanding The Different Types of Cryptocurrency Nikit Shingari
Cryptocurrencies are divided into coins and tokens and it is mandatory to know the difference between those two.
The digital coin owns its blockchain and holds value. It is also used for business transactions between two parties. Token, on the other hand, is built on an existing blockchain and it can be used for various things other than digital money. it can be used for security, assets, and others.
TYPES OF CRYPTOCURRENCIES Out there there are different types of cryptocurrencies and some people still have a project of creating their blockchain. Here are the few cryptocurrencies by Nikit Shingari
ETHEREUM TETHER BITCOIN Bitcoin is considered the world's first cryptocurrency, and the best-known type of crypto. Ether is a cryptocurrency that is run on the Ethereum blockchain. Behind bitcoin is the second most popular cryptocurrency in the crypto space by market cap. Based on market capitalization tether is the largest stablecoins and also was one of the first cryptocurrencies to be tied its value to a fiat currency which is the US$.
DOGECOIN BINANCE CARDANO Dogecoin one of the largest cryptocurrency exchanges in the world as of 2021. Cardon, which is also known as ADA, uses a previewed blockchain protocol technology called Ouroboros. cryptocurrency was created using a popular meme featuring the Shiba Inu dog.
SOLANA POLKADOT XRP XRP is considered a faster, cheaper, and more efficient way of a global transaction. Solana, also known as SOL, is a new cryptocurrency established in March 2020. It was launched in May 2020 and one of its goals is to dethrone Ethereum.
Know More About Types Of Cryptocurrency Read More click here!