Difference between revisions of "Crypto Currency"

Revision as of 02:50, 27 January 2019

A cryptocurrency was designed to be a digital way of exchanging assets securely while maintaining privacy. The currency is secured by means of cryptography. Some top ranking cryptocurrencies include:

• Bitcoin (BTC)
• Ethereum (ETH)
• Ripple (XRP)
• Bitcoin Cash (BCH)
• Litecoin (LTC)
• Neo (NEO)
• Cardano (ADA)
• Stellar (XLM)
• EOS (EOS)
• Monero (XMR)
• Zcash (ZEC)
• Dash (DASH)
• Tron (TRX)

Cryptocurrencies that are inspired by Bitcoin are called Altcoins.

Coinbase is a popular site that people use to manage their cryptocurrencies.

There are different ways to store your cryptocurrency.

Coin vs Token

A cryptocurrency coin is a currency that exists on its own blockchain and is used as a means of payment. For example Bitcoin or Ethereum.

A cryptocurrency token is a currency that resides on a host's blockchain platform and is meant to be a representation of a certain asset^[1]. For example ERC20, which are tokens that are based off Ethereum's blockchain^[2]. The tokens are tradable and can represent coins, loyalty points, etc.

See Also

• Mining
• Cryptocurrency wallet
• How to create your own cryptocurrency

External Links

• Coin Ranking for current pricing

References