Chapter 03) Different Types of Cryptocurrencies Crypto Carnival: A Look at Different Coins The world of cryptocurrency is vast! Let's explore the three main types: 1. Bitcoin: The OG Crypto Think of Bitcoin as the firstborn of cryptocurrencies. Launched in 2009, it's the most famous and valuable. Bitcoin's focus is on being a decentralized store of value, like digital gold. Limited supply (only 21 million Bitcoins can ever exist) contributes to its high value. 2. Altcoins: The Crypto Cousins Altcoins are all cryptocurrencies that aren't Bitcoin. They're like Bitcoin's younger, more diverse siblings. Thousands of altcoins exist, each with unique features and purposes. Some altcoins focus on faster transactions, smart contracts (self-executing agreements), or specific industries. Popular altcoins include Ethereum (smart contracts), Litecoin (faster transactions), and Ripple (cross-border payments). ...
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