Hello friends, today we will tell you a little about the currently existing cryptocurrencies.
So, what cryptocurrencies exist today?
Depending on the features and characteristics of altcoins, they can be divided into many different groups. But there are three areas that have strong differences in the most basic concept:
1. innovative technologies;
2. stable assets;
3. anonymous coins.
Unique technologies
Such coins have technologies that bitcoin does not have.
A striking example is the Ethereum (ETH) project, which has its own blockchain with wider functions. It provides the ability to create tokens (new crypto assets based on the Ethereum blockchain), and also allows the use of smart contracts.
One of the most innovative projects, Polkadot, has even more functionality than Ethereum. Based on its protocol, you can already create an entire ecosystem with your own blockchain, tokens and applications.
stablecoins
These are stable cryptocurrencies. They are actively used by traders to hedge risks. Such assets are called “digital havens” because they protect capital from a strong price change. For example, in bitcoin, the problem of high volatility remains unresolved.
Examples of stablecoins: Binance USD (BUSD), Dai (DAI), Gemini Dollar (GUSD), Tether (USDT), TrueUSD (TUSD).
Anonymous
These are confidential altcoins, well suited to users who want to hide information about their assets and transactions. When dealing with anonymous cryptocurrencies, it will be difficult to obtain data on the movement of funds between different wallets. Examples are Monero, ZCash, Dash, Grin.
Developers from different countries are constantly coming up with new projects, so the number of altcoins is growing every year. Now there are more than 11,000 cryptocurrencies operating in the world.
