Types of Cryptocurrencies

Types of Cryptocurrencies

Types of Cryptocurrencies

Next, enter the material about the types of cryptocurrencies that are often used in various countries as a means of online transactions. And here is the explanation.Bitcoin is a type of cryptocurrency that was first used and is very popular until now. Bitcoin first appeared in 2009 by a party named Satoshi Nakamoto. As of November 2019, there were more than 18 million bitcoins traded with a total market value of around US$146 Billion. To date, about 68% of cryptocurrencies are a type of bitcoin.

BitcoinCash

BitcoinCash was first launched in August 2017. This type was launched because, there are a number of bitcoin user groups who do not agree with the applicable rules. They broke away from bitcoin and improvised this new digital currency, claiming that bitcoincash was better than bitcoin.

Feathercoins

Feathercoin is a type of cryptocurrency that is open source. First created by Peter Bushnell, who worked as an IT Officer at Brasenose College, Oxford University in April 2013. Feathercoin also has similarities with Litecoin and is licensed under MIT/X11.

Dogecoin

Dogecoin itself is a derivative of Litecoin which was first introduced in December 2013. As the name implies, Dogecoin uses the Shiba Inu dog as its mascot. Dogecoin is one of the friendliest cryptocurrencies, because there are so many communities that do charity, donate, and other positive activities. In addition, dogecoin also has a lower value than bitcoin

Litecoin

Litecoin was introduced in 2011 as a peer-to-peer (P2P) digital currency that generates new blocks at a faster rate. Litecoin also allows for fast transactions without the need for a powerful computing system.

Bitcoin Cryptocurrency Litecoin