Cryptocurrency types explanation ：Detailed explanation of common cryptocurrencies

The Ethereum blockchain does track ownership of digital currencies ，But it also focuses on running a series of decentralized applications programming code

With the popularity of cryptocurrencies ，Its legitimacy and regulatory issues have become the focus of attention of governments and regulators around the world 。Different countries and regions have different attitudes and policies towards cryptocurrencies ，This brings challenges to cross-border circulation and regulatory cooperation in cryptocurrencies 。This brings you an explanation of the types of cryptocurrencies ：Detailed explanation of common cryptocurrencies 。To help everyone better understand cryptocurrencies 。

one 、Common cryptocurrencies

1、Bitcoin

Bitcoin is the most common cryptocurrency ，It's like money we use in our bank account （Dollar ，Euro etc. ）Also valuable ，At the same time, because of the decentralization of Bitcoin ，Meaning it does not rely on banks or third parties ，Each transaction is made directly between users ，This is called a peer-to-peer network 。

All this should be attributed to Bitcoin’s introduction of blockchain technology ，Blockchain allows users to send and receive Bitcoin without using a third party 。Because there is no need for a third party ，So users don't need to identify themselves ，Payment can be made without revealing your identity ，Very good privacy 。

Early 2008Year ，When the idea of ​​Bitcoin is Satoshi Nakamoto （SatoshiNakamoto）When it is revealed through the online publishing of white paper ，No one knows that Bitcoin will become what it is today ，No one could have thought this would be the beginning of a huge tech movement 。but ，Proof of ，This is indeed the beginning of cryptocurrency ，It's also the beginning of a new era 。

exist 2013-2014year ，Bitcoin's value growth has increased significantly ，And in the next few years ，Its uptrend slowed down a little ，But in 2017Year ，Bitcoin market rises sharply again 。exist 2017Year 12moon，Bitcoin’s price hits an astonishing $20,000 per Bitcoin 。therefore ，hold 50Anyone with more than one bitcoin instantly became a millionaire 。You must know ，exist 2015Year 1moon，50A Bitcoin costs only $10,000 ，Net income 990,000Profits of US dollars ，It's enough to make people fall in shock 。

2、Ether Coin

Ethereum is affiliated with Ethereum (ethereum)Tokens ，Ethereum is an open software platform based on blockchain technology 。This blockchain is hosted on many computers around the world ，This makes it also have decentralized features 。Each computer has a copy of the blockchain ，A broad consensus must be reached first ，Only by making changes to the network 。The Ethereum blockchain is similar to Bitcoin ，Because it is a transaction history 。but ，The Ether Network also allows developers to build and deploy decentralized applications (‘dapps’)。These are also stored on the blockchain along with the transaction records 。

The idea of ​​ether is from VitalikButerinConcept 。With the help of several co-founders 2015The first version of the platform was launched in 2018 。Since then ，It has become the second largest cryptocurrency ，And prompted Bitcoin to add new competitors 。

There are important differences in the use and function of Ether and Bitcoin 。Bitcoin uses only one specific application of blockchain technology 。final ，It is an electronic cash system that supports online Bitcoin payments 。The Ethereum blockchain does track ownership of digital currencies ，But it also focuses on running a series of decentralized applications programming code 。

two 、Summarize

The types of cryptocurrencies have been explained to you clearly ，But it is worth noting that the legality and regulatory issues of cryptocurrencies are complex and multidimensional issues. ，Requires policy makers worldwide 、Industry experts and all sectors of society work together ，To find the best way to balance regulatory and innovative development 。