•  Various coins with various functions One of the reasons for the proliferation of cryptocurrencies is the underlying blockchain technology. It allows programmers to construct various cryptocurrencies with various functions.
• You  have cryptocurrency that can be used as money. They are essentially a store of value that can be utilised in the same way that traditional fiat currency can. This category includes Bitcoin and many more.
• Then there are some that serve a practical purpose. This is a collection of cryptocurrencies that work together to form an infrastructure. They make it possible to build alternative cryptocurrencies on top of their networks. The best example is Ethereum, which has permitted the creation of many token coins on its network thanks to its Ethereum Virtual Machine.
• App or platform cryptocurrencies are the other major sorts of cryptocurrency. This form of cryptocurrency is based on utility currencies. The Augur cryptocurrency, which debuted on the Ethereum network, is a nice example.

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