Difference between revisions of "Crypto Currency"

From CoinWiki
Jump to: navigation, search
 
(32 intermediate revisions by 2 users not shown)
Line 1: Line 1:
A cryptocurrency was designed to be a digital way of exchanging assets in a secure manner. People have found lots of success when they [[mine]] for [[Bitcoin]].
+
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:
Some cryptocurrencies include:
 
  
* [[Bitcoin]]
+
* [[Bitcoin]] (BTC)
* [[Ethereum]]
+
* [[Ethereum]] (ETH)
* [[Litecoin]]
+
* [[Ripple]] (XRP)
* [[Zcash]]
+
* [[Bitcoin Cash]] (BCH)
* [[Dash]]
+
* [[Litecoin]] (LTC)
* ... add more
+
* [[Neo]] (NEO)
 +
* [[Cardano]] (ADA)
 +
* [[Stellar]] (XLM)
 +
* [[EOS]] (EOS)
 +
* [[Monero]] (XMR)
 +
* [[Zcash]] (ZEC)
 +
* [[Dash]] (DASH)
 +
* [[Tron]] (TRX)
  
[[Coinbase]] is a platform for buying, selling, transferring, and storing digital currency.
+
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<ref>https://www.cryptoniam.com/what-is-the-difference-between-cryptocurrency-coin-and-tokens/</ref>. For example [[ERC20]], which are tokens that are based off [[Ethereum]]'s [[blockchain]]<ref>https://blog.chronobank.io/token-vs-coin-whats-the-difference-5ef7580d1199</ref>. The tokens are tradable and can represent coins, loyalty points, etc.
 +
 
 +
== See Also ==
 +
* [[Mining]]
 +
* [[Cryptocurrency wallet]]
 +
* [[How to create your own cryptocurrency]]
 +
* [[Types of Tokens]]
 +
 
 +
== External Links ==
 +
* [https://coinranking.com Coin Ranking] for current pricing
 +
 
 +
== References ==
 +
<references/>
 +
 
 +
__NOTOC__

Latest revision as of 02:52, 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:

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

External Links

References