In the revolutionary world of digital assets, there exist numerous types of cryptocurrencies. Let’s delve into 12 types that are capturing the limelight.
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Bitcoin: The pioneer of digital currencies, Bitcoin is the most widely recognized and used cryptocurrency.
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Ethereum: Known for its smart contract functionality, Ethereum is a platform that developers utilize to create their own cryptocurrencies.
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Ripple: This is not just a cryptocurrency but also a digital payment protocol utilized for monetary transactions globally.
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Litecoin: This is a peer-to-peer cryptocurrency, created by Charlie Lee, a former Google engineer.
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Tether: It is a blockchain-based cryptocurrency whose cryptocurrencies in circulation are backed by an equivalent amount of traditional fiat currencies.
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Bitcoin Cash: It is Bitcoin’s hard fork intended to manage the scalability issue by increasing the block size.
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Libra: This is a digital currency proposed by the social media giant, Facebook.
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Monero: It focuses on ensuring transactions are untraceable and private.
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EOS: Designed to make blockchain technology easy to use, EOS is known for its scalability.
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Bitcoin SV: It is a hard fork of Bitcoin Cash, aiming to stay true to the original Bitcoin whitepaper.
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ZCash: ZCash offers additional privacy where all transactions are published on a public blockchain.
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Tezos: It is a self-upgrading crypto platform and uses the Proof-of-Stake protocol.
Each has its own benefits, limitations, and market potential to explore. Read More
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