• Bitcoin: This was the coin that started the revolutionary process for crypto after 2008. With the purpose to create a secure investment and decentralized payment method to prevent crises caused due to financial institutions and their oftentimes biased regulatory systems. Worthnoting is the fact that it is the most popular one offered by cryptocurrency providers. It also has the core advantage to be an anonymous concept. Further, it’s a payment method optimized for the purpose of online transactions.

More Cryptos

• Ethereum: Crypto whose original concept was conceived by the well-known programmer Vitalik Buterin. It is quite similar to Bitcoin, with a twist, however. This is because he thought the blockchain could be used for far more than just payment methods and that the whole technology could highly benefit from this. Besides an obvious difference in price, it distinguishes itself by the use of a more environmentally friendly process of guaranteeing safety called “Proof of Stake”, which requires very little computational power compared to others.

• USDT: A token issued by the Hong Kong Company Tether Limited. It is meant to be a “stablecoin”, which is a token pegged to its associated fiat currency and backed by the companies reserves in said currency; with the purpose of allowing users to always be able to withdraw their funds into more conventional currencies if the need arises, while also safeguarding said assets from the woes of inflation.