TYPES OF CRYPTOCURRENCY
Here’s a quick rundown on types of cryptocurrency: 1. Bitcoin (BTC): The original crypto, focused on peer-to-peer transactions and store of value. 2. Altcoins: All non-Bitcoin cryptos. Examples include: Ethereum (ETH): Known for smart contracts & dApps. Ripple (XRP): Used for fast, low-cost cross-border payments. Litecoin (LTC): Faster transactions than Bitcoin. 3. Stablecoins: Pegged to stable assets (e.g., USDT, USDC), minimizing volatility. 4. Utility Tokens: Access to specific services or products within a blockchain (e.g., BNB for Binance). 5. Security Tokens: Digital representations of real assets, like stocks or bonds. 6. Meme Coins: Fun coins with community backing, often volatile (e.g., Dogecoin, Shiba Inu). 7. NFTs (Non-Fungible Tokens): Unique digital assets, mainly for art, gaming, and collectibles.