Types of Digital Currency FAQs
1. What are some examples of digital currency?
Cryptocurrencies, Central Bank Digital Currencies (CBDCs) and Stablecoins are some of the types of digital currencies. In Cryptocurrency, Bitcoin and Ethereum are examples of cryptocurrencies. When it comes to CBDCs, e-₹ (India) and e-RMB (China) are some examples.
2. How many types of cryptocurrencies are there?
There are thousands of cryptocurrencies. Depending on their underlying technology and features, cryptocurrencies can be classified into Bitcoin-based, Ethereum-based, or more.
3. What is the main type of digital currency?
Cryptocurrency is the most common type of digital currency. It is a form of currency that uses cryptography to secure transactions. However, some even consider digital wallets also as digital currencies and if that’s the case, then digital wallets are the most common ones.
