How many types of digital currency are there?

Asked 3 years ago 875 views

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Types of digital currency are there:

  • Ethereum (ETH), the first Bitcoin alternative on our list, is a decentralised software platform that allows smart contracts and decentralised apps (dApps) to be written and run without the need for third-party downtime, fraud, control, or intervention.
  • Litecoin (LTC), which debuted in 2011, was one of the first cryptocurrencies to follow in Bitcoin's footsteps, and has been dubbed 'the silver to Bitcoin's gold.'
  • Charlie Lee, an MIT graduate and former Google developer, designed it.
  • Cardano (ADA) is a 'Ouroboros proof-of-stake' cryptocurrency developed by engineers, mathematicians, and cryptography professionals using a research-based approach.


Read More: How do central bank digital currencies work?

Hitesh Vohra
answered 3 years ago Hitesh Vohra

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