The World of Cryptocurrencies and Tokens

Cryptocurrencies

Cryptocurrencies are digital or virtual currencies that use cryptography for security. Here are some popular types:

1. Bitcoin (BTC)

Bitcoin is the first and most well-known cryptocurrency, created by an anonymous person or group known as Satoshi Nakamoto in 2009.

2. Ethereum (ETH)

Ethereum is a decentralized platform that enables smart contracts and decentralized applications (DApps) to be built and operated without any downtime, fraud, control, or interference from a third party.

Tokens

Tokens are a type of cryptocurrency that represent an asset or utility. Here are some common types of tokens:

1. ERC-20 Tokens

ERC-20 tokens are tokens designed and used solely on the Ethereum platform. They follow a list of standards so that they can be shared, exchanged for other tokens, or transferred to a crypto wallet.

2. NFTs (Non-Fungible Tokens)

NFTs are unique digital assets that represent ownership of a specific item or piece of content, such as artwork, collectibles, or music.