Random Blog on Crypto (Part 83) : Types of Crypto and how they differ from one another

engrsayful (80)modCOMMUNITY MODin Tron Fan Club • 4 days ago

Cryptocurrencies (cryptos) are money in digital form. This is not a new term for the current world rather a trending topic of discussion. They works on blockchain system. There are many kind of cryptocurrencies. Every one have different use. Bitcoin is most known coin. It was also first crypto made. Peoples use Bitcoin to send and get money. It is also used to store value. Many peoples call it digital gold now. People store Bitcoin and get the feature like money as it’s price is growing day by day. With the same time, they are getting benefits of buying something physical with it like money. Ethereum is another big coin. It do more than just sending coins. It help create smart contracts that run by itself. No one controls these contracts. Ethereum also allow dApps on it. So many tools and apps made on its platform. Ethereum is not just a token. It is also used for building things. These two are the leading coins in the crypto world.

Some coins are stablecoins. These coins not go up and down in price. They linked with real money like dollar. Like USD Coin is same as U.S. dollar. Some coins are linked with gold, some with physical asset and some are with fiat like dollar. People use them when market is not stable. Privacy coins are also there. This is another type. Monero and Zcash are two famous ones. They hide your info when you send or get coins. This make them more private than Bitcoin or Ethereum. Utility tokens are used inside platforms. They are another category. They help with getting service or features. Like BNB token is use in Binance. It gives fee discount. Governance tokens give power to vote. This is another type. People who hold them can help make changes. Meme coins are also part of crypto. They was made as joke but now many use them. Dogecoin and Shiba Inu are examples. They are fun but risky too. In fact, high high risk is associated with them. So each crypto type do something special. Some used like money. Some used for apps. Some are for privacy. Some for fun. All of them play role in crypto world and how they are different from each other. Still all are crypto but we can categorize them at least in that way.