Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: MaMooN on August 16, 2018, 06:14:39 PM
-
as I understood , these are types of cryptocurrency so ,please correct me , if I am wrong
Each crypto coin has been found to solve a problem, but they all in one of the following three categories
Keep in mind that some digital currencies fit for more than one of the following three categories
1-Transaction
Financial transactions
This category has been designed to be used as an alternative money for governments' money and also for using in buying goods & services
These cryptocurrencies such as Bitcoin, lightcoin, .. Etc ..
2-platforms
The second category is the backbone for other cryptocurrencies to build their coins and also to build future applications
This category is designed to eliminate intermediaries in any dealings
These platforms use smart contract (smart contract is a programmer application that works without allowing for fraud or control)
The most famous of these platforms
Etherium
Neo
wave
BitShares
3-utility
The third category designed to perform a certain purpose with high efficiency and most of them are protocols
An example of these cryptocurrencies
Ripple( XRP)
It is a protocol used to work in central banks , It has been designed to facilitate the transactions of fiat in a highly quality manner