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So we all want to have some Bitcoin. But, it’s not the only cryptocurrency out there.
Before we begin, there are some key terms we need to know. In the blockchain world, two of the most important assets are tokens and cryptocurrencies.
First, let’s talk about cryptocurrencies. These digital currencies use cryptography to verify transactions. Each registry goes on a unique ledger, known as a blockchain.
It’s important to highlight that each cryptocurrency is supported by its own blockchain. In other words, they’re native assets to that blockchain protocol and don’t rely on other platforms. Some examples include Bitcoin (BTC) and Ethereum (ETH).
Sometimes, organizations take existing blockchain protocols and create their platforms on top of them, for specific needs. ´They also create their own cryptocurrency, based on pre-existing blockchains. These are called tokens and are typically used for access or transactions within each platform.
One easy way to know if you’re dealing with tokens or cryptocurrencies is by asking yourself: is it independent or does it use a pre-existing blockchain?
Finally, there’s the term altcoin: you can use this term for all those cryptocurrencies that are an alternative to Bitcoin, hence the name. And there are a lot of them out there.
According to CoinMarketCap, at the making of this video, there are about 9,000 cryptocurrencies, with new ones coming every day. Some are real, and others are just plain scams.
So, today, we’re bringing you 100 cryptocurrencies in 10 minutes.
0:00 Intro
1:12 100 Cryptocurrencies
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