What are the different types of cryptocurrencies?

While each coin claims to be unique in its own way, the majority of all cryptocurrencies can be categorized under one of these 4 types: Store of Value — Maintain purchasing power in the long run Digital Currency — Used for everyday transactions Utility Token — Used for redeeming a service/good

What are cryptocurrencies and how do they work?

Instead, cryptocurrencies are digital currencies that use encryption to secure their value and make them difficult to counterfeit. Cryptocurrencies are also volatile, which makes them an interesting investment option. This raises the question: what are cryptocurrencies good for?

How many cryptocurrencies are there in the market?

With so many cryptocurrencies in the ecosystem and more expected to be created, we’ve decided to categorize them into 12 major markets. In order to effectively classify these coins, we’ve decided to look at the Top 100 cryptocurrencies since they would be a close representation of the overall market.

What are platform cryptocurrencies?

Platform Cryptocurrencies typically refers to cryptocurrencies that features a smart contracts enabled blockchain. Smart contracts are by definition, automated contractual states that are capable of self-executing, written into codes and stored on the blockchain.