0 Anonymous Asked: December 4, 2020In: Bitcoin Which are the different types of cryptocurrency? 0 sell bitoins Share Facebook 1 Answer Voted Oldest Recent Rajsharmaji 0 Questions 17 Answers 0 Best Answers 57 Points View Profile Rajsharmaji Added an answer on December 4, 2020 at 3:07 am A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation. There are 4 types of crypto assets that I have come across they are as follows:- Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by Satoshi Nakamoto. 2. Litecoin is a peer-to-peer cryptocurrency and open source software project released by Charlie Lee. The Litecoin Network aims to process a block every 2.5 minutes, rather than Bitcoin´s 10 minutes. Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory. 3. Bitcoin Cash brings sound money to the world. It empowers merchants and users with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. 4. Ether is a cryptocurrency whose blockchain is generated by the Ethereum platform. Ether can be transferred between accounts and used to compensate participant mining nodes for computations performed. I am sure this answer will help you to buy sell bitcoins 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer.