Learn different types of cryptocurrencies and how to earn money | London Business News

Before we discuss different types of cryptocurrencies, let’s take a closer look at the concept of cryptocurrency. Cryptocurrency is a virtual currency or you can name it as digital money. It is created by an anonymous group or individual named Satoshi Nakamoto. This is developed with the aim of faster and secure transactions. There are some cryptocurrencies that have physical existence and some of them are virtual which means intangible.

Most importantly, the transactions of cryptocurrencies occur within a decentralized framework without any third-party interference. Due to which there is no manipulation happen by any government or financial institutions or banks. That’s why some countries have banned the usage of cryptocurrencies as it is run by a deregulated system.

Types of cryptocurrencies

Here we will discuss some of the most important cryptocurrencies. In fact, there are thousands of cryptocurrencies exist but we will only focus on the most popular…