What is cryptocurrency :

A cryptocurrency is digital asset that works as a medium of exchange value within peer to peer economic system that uses cryptography to verify and secure transaction , most cryptocurrencies are decentralised by disturbed network of computers around the world (nodes).

Being decentralised means that cryptocurrencies cannot be controlled by single entity and transactions may occur directly between users without need to rely on third party intermediate 

Types of cryptocurrencies :

At the higher level there are two distinct categories 

• coins
• Tokens

coins : it is a native assets of blockchain they're on. Coins are used to pay for fees on their respective blockchains and are issued as rewards to the computer maintaing these blockchains 

Crypto coins are difficult and expensive to build which is why there are only few dozens of them . The largest coin of all is BTC, it is used pay for fees on the bitcoin blockchain and are issued as rewards to the computer maintaing these blockchains 

Tokens : they are digital assets that exist on top of another blockchain, tokens are often used in applications that are built on top of a Blockchain. One of the largest tokens is Ave which exists on Ethereum as well as few other Blockchains 

Ave is used in Ave application which is used to lend and borrow crypto peer to peer. Now there are few crypto coins and millions of tokens because it's very easy and cheap to launch a token but most crypto tokens are objectively worthless. The few exceptions are those used in popular applications like Ave. Sometimes objectively worthless tokens have skyrocketed on value due to pure speculation 

A few cryptocurrencies that most of us uses or atleast you have heard , at first comes the one probably all of us known 

1. Bitcoin (BTS) :

The first and most valuable cryptocurrency, known as digital gold because of scarcity and long-term value. Used as a store of value and for peer-to-peer transactions. For more information about Bitcoin I have created a separate blog on bitcoin which will updated daily 

https://www.publish0x.com/why-bitcoin-is-referred-as-digital-gold

2. Ethereum (ETH) :

A platform for building smart contracts and decentralized apps (DApps). Its coin, ETH, is used for transactions and running apps. Popular for projects like DeFi and NFTs

3. Binance coin (BNB) : 

Created by the Binance exchange. Used to pay fees on Binance and in Binance Smart Chain projects. Increasingly adopted in various crypto platforms

4. Cardano (ADA) :

Focuses on secure and scalable blockchain applications.Known for research-driven development and strong academic backing

5. Ripple (XRP) :

Used for fast international payments between banks and institutions. Designed to replace slow traditional banking transfers

6. Solana (SOL) :

Solana is Known for fast transactions and low fees. Popular for NFTs and decentralized apps

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