Popular Cryptocurrencies
Bitcoin (BTC)
The first and most widely known cryptocurrency, often seen as “digital gold” for its limited supply and store-of-value qualities.
Ethereum (ETH)
Known for its smart contract capabilities, Ethereum is a platform that allows developers to create decentralized applications (DApps)
Ripple (XRP)
Focuses on facilitating cross-border payments, often used by financial institutions for faster transactions.
Litecoin (LTC)
Aimed at providing faster transaction times, with a modified codebase from Bitcoin.
Uses of Cryptocurrencies
Payment SystemsCryptocurrencies can be used to buy goods and services, with some companies accepting crypto payments directly.
Investment and TradingMany people buy and hold cryptocurrencies as speculative investments, hoping they’ll increase in value over time.
Decentralized Finance (DeFi)Cryptocurrencies are integral to DeFi platforms, which provide financial services (like lending, borrowing, and trading) without traditional intermediaries.
NFTs and Digital AssetsEthereum and other blockchains enable non-fungible tokens (NFTs), unique digital assets with ownership rights recorded on the blockchain