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the various of cryptocurrencies

The types of investments that are getting here are not only easier, but also diverse and of course more sophisticated. Cryptocurrency or crypto investment is one of the investment instruments that is quite popular among many people today, especially millennials and gen z thanks to today's technological sophistication.

the various cryptocurrencies

Cryptocurrency itself is a digital currency that only exists and can be used in cyberspace. Crypto investment, especially bitcoin was first introduced by Satoshi Nakamoto in January 2009.

Bitcoin itself can then be used as a means of payment for various transactions such as purchasing game services and accessories to shopping for other things such as goods to use.

From there, buying and selling bitcoins became more and more popular, until other cryptocurrencies emerged. In addition to the very popular bitcoin, examples of other cryptocurrencies are ethereum, ripple, litecoin, dogecoin, mrai, dashcoin, and so on.

But, what is cryptocurrency in full?

Understanding Cryptocurrency as a Popular Investment Today

Cryptocurrency is a digital or virtual currency that is guaranteed by cryptography. With cryptography, making crypto currency almost impossible to counterfeit. Cryptocurrencies can also be used for transactions such as payments or transfers from one person to another online.

In addition, cryptocurrency can also be used as a means of payment for online purchase transactions by being exchanged for other currencies such as Dollars, Yen, Rupiah and other currencies.

Other advantages of cryptocurrencies are:

  • High return
  • Universal
  • Fast and easy
  • Transparent
  • Safe and legal

Assets or types of digital money in cryptocurrencies themselves in the form of ethereum, ripple, litecoin, dogecoin, mrai, dashcoin, and so on. It can be said that at this time crypto currency investments are starting to become the most popular investment instrument at this time.

The popularity of crypto investment itself can be seen from the increasing number of cryptocurrency investors, including in Indonesia and the value of crypto assets has soared very high.

Current Types of Cryptocurrencies

For those who only know that crypto investment is only bitcoin, don't get me wrong. Here are some other types of crypto investments to try:

Bitcoin

This type of cryptocurrency first appeared and was introduced in 2009 by a party named Satoshi Nakamoto. Nobody knows if it's the name of a person, group, or company and nobody knows where they came from either.

As of November 2019, there were more than 18 million bitcoins traded with a total market value of around US$146 billion, Investopedia wrote. To date, about 68% of cryptocurrencies are bitcoins.

Litecoin

Litecoin is a type of cryptocurrency that was also present at the beginning of digital currencies starting to attract the attention of many people.

This type of cryptocurrency was precisely present in 2011 as a peer-to-peer (P2P) digital currency that generates new blocks (which make up the blockchain) at a faster rate.

So one of the advantages of Litecoin is that it allows users to make transactions faster without the need for a powerful computing system.

Dogecoin

Dogecoin appeared in December 2013. As the name implies, dogecoin is a cryptocurrency that makes the Shiba Inu dog its mascot. Dogecoin has a much lower value than bitcoin. The use of this type of cryptocurrency is usually used for small transactions, donations, and tipping.

Bitcoincash

BitcoinCash was launched in August 2017 and is currently in the top five cryptocurrencies. This type was launched because of a group of Bitcoin users who did not agree with some of the applicable rules.

They then broke away and created their own digital currency called BitcoinCash. The group also made some improvisations that it says are better than the first cryptocurrency, bitcoin.

Feathercoin

Feathercoin is a type of cryptocurrency that is open source. This type of cryptocurrency was created by Peter Bushnell, an IT officer at Brasenose College, Ofxord University in April 2013. Feathercoin also has similarities to Litecoin and is under the MIT/X11 license.

Etherum

Ethereum is a decentralized open-source blockchain system featuring its cryptocurrency, Ether.

ETH serves as a platform for many other cryptocurrencies, as well as for the execution of decentralized smart contracts.

Shiba inu

Shiba Inu or SHIB was first launched in August 2020. It is one of the best cryptocurrencies worth investing in in 2022.

Teraa

Terra is one of the new cryptocurrencies that is making headlines due to its recent success. It is one of the best cryptocurrencies that will be worth investing in in 2022.

Solana

Solana was launched in April 2019 as a license-focused project to provide decentralized financial (DeFi) solutions such as payment processing, smart contracts, stablecoins, peer-to-peer lending services, and more.

Poligon

It is one of the best cryptocurrencies to be worth investing in in 2022 which also aims as a platform to address the many problems facing the Ethereum blockchain while still providing DeFi solutions.

Namely, the platform looks to create an “Ethereum blockchain internet” by connecting Ethereum compatible blockchain networks and incorporating scalable solutions on Ethereum.

Binace coin

Binance Coin is developed and marketed by the Binance exchange.

This digital currency is also used as a utility token to pay for trading and transaction fees at lower prices. It can be traded and exchanged for other cryptocurrencies such as Ethereum or Bitcoin.

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