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Sunday, March 23

4 Different Types of Cryptocurrency

by Laila Elias

Cryptocurrency is the most popular topic right now, and with good reason. The value of cryptocurrencies has increased exponentially this year, so it’s only natural that everyone wants to learn more about what they are and how they work. From bitcoin to sgd, there are many types of cryptocurrency. This article will go over a few different types of cryptocurrency: Bitcoin Cash, Litecoin, Ethereum Classic, Dash.

  1. Bitcoin Cash

Bitcoin cash is a hard fork of Bitcoin that was created in 2017. There are two main reasons why this happened: the first one being that the miners were not happy with how much time it took to process transactions, and the second reason was an argument about block size limits.

  1. Litecoin

Litecoin is a peer-to-peer cryptocurrency that was created in 2011. It is similar to Bitcoin but has a few key differences, the most notable being its shorter block generation time (which means faster transactions) and higher maximum number of coins.

  1. Ethereum

Ethereum Classic is an open-source blockchain platform forked from Ethereum in 2016. The main reason for the fork was that some members of the Ethereum community did not agree with how funds were raised to pay for the DAO project.

  1. Dash

Dash is a cryptocurrency that was created in 2014. It focuses on privacy and has features like InstantSend and PrivateSend that differentiate it from other cryptocurrencies.