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Study Different Types of Cryptocurrencies & Altcoins | XTEM

Letu2019s briefly examine the terms like cryptocurrency and altcoin. A cryptocurrency in simple terms is a digital currency with decentralized systems that structures itself into u201ccoinsu201d or tokens. Some cryptocurrencies such as XTEM, have progressed into the real world with credit cards or other projects, though the majority remain digital.<br><br>

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Study Different Types of Cryptocurrencies & Altcoins | XTEM

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  1. EXAMINE THE TYPES OF CRYPTOCURRENCY AND ALTCOINS

  2. LET’SBRIEFLYEXAMINETHETERMS LIKECRYPTOCURRENCYANDALTCOIN. ACRYPTOCURRENCYINSIMPLE TERMSISADIGITALCURRENCYWITH DECENTRALIZEDSYSTEMSTHAT STRUCTURESITSELFINTO “COINS” OR TOKENS SOMECRYPTOCURRENCIESSUCHAS XTEM, HAVEPROGRESSEDINTOTHE REALWORLDWITHCREDITCARDSOR OTHERPROJECTS, THOUGHTHE MAJORITYREMAINDIGITAL.

  3. The “crypto” incryptocurrenciesrefers tocomplexcryptographythatpermits thecreationandprocessingofdigital currenciesandtheirtransactionsacross decentralizedsystems. Thisimportant “crypto” featureisacommonobligation todecentralization; cryptocurrencies aretypicallydevelopedascodeby teamswhobuildinmechanismsfor issuance (ingeneralbutnoteverytime, throughaprocesscalledmining) and othercontrols. Hewes Land Development Corporation | 2020

  4. Cryptocurrenciesaredesignedtobefree fromgovernmentinterventionand dominance. Thefieldofcryptocurrenciesis constantlydeveloping. ThoughBitcoinis widelyseenasthebestintheworldof cryptocurrencies, analystsseekvarious approachesforevaluatingtokensotherthan BTC.

  5. Thewordaltcoinisaportmanteauofthewords alternativeandcoin. Itisthereforebasicallyanalternative coinfromitsderivative, Bitcoin. Altcoinsaretherefore othercryptocurrenciesapartfromBitcoin. (Andarguably Ethereum) WHATISTOKENS TYPES OF ALTCOINS TokensarebasicallycryptocurrenciesthatarenotBitcoin. Theyarealsocryptoassetsthatrunontopofanother cryptocurrency’sblockchain. Inthisterm, theyinclude NFTs, securitytoken, DeFitokensandgovernancetokens. Therearealsoblockchain-basedtokenstoservea differentpurposefromthatofmoney. Fundamentally, all coinsaretokens, butnotalltokensareconsideredcoins. WHATISCRYPTOCURRENCIES Cryptocurrenciesareconsideredforpayments, transferringvalueacrossadecentralizednetworkofusers. Theycanbeusedtobuyregulargoodsandservices, althoughtheyaremainlyboughtasassets.

  6. Cryptocurrencies ETHEREUM (ETH) LITECOIN (LTC) BITCOIN CASH (BCH) XTEM (TEMCOIN) Litecoinisbasedona globaltransactionnetwork thatisnotcontrolledby anycentralauthorityand usesscryptasaPoW, whichcanbedecoded withtheassistanceof consumer-gradecentral processingunits (CPUs). BitcoinCash(BCH) holdsa significantpositioninthe historyofaltcoinsbecause itisoneoftheearliestand mostsuccessfulofthe originalBitcoin. XTEMisalsoa cryptocurrencywithreal intrinsicvalueasitwillbe syntheticallyindexedto certaindefined commoditiesexchanges, stockmarket, indices, and willenjoythefullcredit andmightofTEMarkets Limitedanditsvarious projects. ThefirstBitcoinalternative, Ethereum(ETH) isa decentralizedplatform thatallowscontractsand dAppstobuildandrun withoutanydowntime, fraud, controlor interferencefromathird party.

  7. THANK YOU! LET'SSTARTYOURINVESTMENTJOURNEY.

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