What Are the Different Types of Crypto?
Categories: Crypto News US
What Are the Different Types of Crypto?
Although some people use the terms crypto, coins, and tokens interchangeably, they are not the same things. To gain a basic understanding of cryptocurrency, it’s important to understand how these terms differ from one another.
Cryptocurrencies generally fall into one of two categories:
- Coins: Can include Bitcoin and altcoins (all cryptocurrencies other than Bitcoin)
- Tokens: Programmable assets that live within the blockchain of a given platform
The term altcoin refers to all cryptocurrencies other than Bitcoin. Some main types of altcoins include mining-based cryptocurrencies, stablecoins, security tokens, and utility tokens.