May 12, 2022

Understand the types of cryptocurrencies: A simple guide

Understand the types of cryptocurrencies: A simple guide

4 minutes When we talk about types of cryptocurrencies, we immediately think of Bitcoin. There is no doubt that Bitcoin is the dominant currency in this environment, but there are several other cryptocurrencies, with different objectives, functions and use.Cryptocurrencies are divided into coins and tokens. Coins are run by the blockchain itself, mainly for payments. The token runs on another blockchain and has numerous use cases.Crypto assets can be subdivided into eight types of cryptocurrencies based on their usability. Let’s understand a little more Continue