Types Of Cryptocoins

By Mahima December 30, 2023

What is cryptocurrency currency?

[{"selector":"#anim-d5d39c62-906a-4a7c-b0d5-cf2b1dcf3c74 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

It is a currency made on a computer algorithm, it exists only on the Internet, it cannot be controlled by any authority, even demonetization has no effect on it.

[{"selector":"#anim-49297ee7-d5a1-45e8-b200-e229ce8032d7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.0658141036401503e-14%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

There are many cryptocurrencies in the world like – Bitcoin, RED coin, SIA coin, Ethereum, Ripple (XRP) and Monero. It is very popular in the world because of its high profits.

[{"selector":"#anim-a1be8198-b453-4f7c-a009-6d7da840d581 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Types Of Cryptocoins

[{"selector":"#anim-d7c3008b-4446-43fa-bf65-e874a99d167f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Ether and Ethereum:

[{"selector":"#anim-fb7164b2-323a-4db5-b262-fb7e092fd747 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Litecoin:

[{"selector":"#anim-518fd672-76da-4e5a-a457-c6160a534e4f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Dash:

[{"selector":"#anim-5736a653-bfce-41ac-9f4f-7f301b7d5523 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Z Cash:

[{"selector":"#anim-b9c1c66e-88b4-4a7c-8cca-b72b09fbc249 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.552713678800501e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Types Of Cryptocoins

What is cryptocurrency currency?

Cryptocurrency is a virtual currency, that is, it has no physical existence.

It is a currency made on a computer algorithm, it exists only on the Internet, it cannot be controlled by any authority, even demonetization has no effect on it.

There are many cryptocurrencies in the world like – Bitcoin, RED coin, SIA coin, Ethereum, Ripple (XRP) and Monero. It is very popular in the world because of its high profits.

Types Of Cryptocoins

There are approximately 1,000+ cryptocurrencies in existence today, but there are a few that are most commonly used. Below are the types of cryptocoins-

Ether and Ethereum:

It is used as interchange currency. Ether is a type of token. It is used for transactions under the Ethereum block chain.

Litecoin:

It was invented in the year 2011. Like the named coin, it also works with the help of decentralized technology. With its help, Bitcoin works faster.

Dash:

Dash cryptocurrency was invented in the year 2014. Initially it was also called dark coin. It works with the help of a network called ‘Masternode’. This network is faster and more efficient than Bitcoin.

Z Cash:

Its dominance started in October 2016. This is a new type of currency in this region. All the information gets encrypted during its use, yet it cannot be used for 'double spend'.