Many people hear the word “crypto”, or “cryptocurrency”, and immediately think of Bitcoin. That is because was the first ever type of cryptocurrency, and is still the largest today. But there are many different types of currency available in the world of crypto.
At the moment, there are four types of currency which you will see everywhere. These are Bitcoin (BTC), Ether or Ethereum (ETC), Bitcoin Cash (BCH) and Litecoin (LTC). Why these four? There isn’t one single reason. Bitcoin was the first type of crypto. Bitcoin Cash is a fork of this, and it very quickly became well known as a result. ETH is one of BTC’s main competitors. Litecoin is one of very few cryptos you can buy or sell on Coinbase – one of the most popular exchanges among those who are just entering the cryptosphere.
But the fun doesn’t stop there. There are literally thousands of types of currencies, sometimes referred to as tokens or altcoins (alternative coins). From Ripple (XRP) and Stellar (XLM) to Raiden (RDN) and Request (REQ), there are plenty of new coins to explore.
Which ones are worth investing in? Read on to find out more.