Types of Crypto Coins
Cryptocurrency coins come in various types, each serving different purposes in the blockchain ecosystem. The main categories include Bitcoin and altcoins, where Bitcoin is the original and most recognized coin, and altcoins are alternatives like Ethereum, Litecoin, and Ripple. Stablecoins (e.g., USDC, USDT) are pegged to stable assets like the U.S. dollar to reduce volatility. Utility tokens are used to access services within a blockchain platform, while governance tokens allow holders to vote on project decisions. Security tokens represent ownership in real-world assets or companies and are subject to regulations. Each type plays a vital role in the growth and function of the crypto economy.