What is a cryptocurrency & how does it work?

: 18 A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.

How many cryptocurrency projects are there?

A cryptocurrency is a digital asset that can circulate without the centralized authority of a bank or government. To date, there are 25,504 cryptocurrency projects out there that represent the entire $1 trillion crypto market. Join eToro and get $10 of free Crypto! (US Only) 1. Bitcoin (BTC)

What are the two largest cryptocurrencies by market capitalization?

Among the 18,000-plus cryptocurrencies in existence, Bitcoin and Ethereum are the two largest cryptocurrencies by market capitalization. Bitcoin, the original and largest cryptocurrency, was developed in 2009 as an alternative monetary asset. It was meant to be an alternative to the U.S. dollar and other fiat currencies.

What are the different types of cryptocurrencies?

The most popular cryptocurrencies, by market capitalization, are Bitcoin, Ethereum, Bitcoin Cash and Litecoin. Other well-known cryptocurrencies include Tezos , EOS, and ZCash. Some are similar to Bitcoin. Others are based on different technologies, or have new features that allow them to do more than transfer value.