A couple of decades ago, people even among the most technologically aware would have thought that the concept of a currency lying outside the controls of the government and completely decentralized lies somewhere in the near future. Today, it is a reality that people find hard to come to terms with, but it cannot be denied that cryptocurrency is taking the world by storm.The bitcoin that was valued at barely a 10th of a cent about 10 years ago is now valued at more than $50,000, making it one of the most resounding testimonies for the success, profitability, and dependency of cryptocurrency. The credit for this popularity and versatility has to be given to the underlying technology called the blockchain. Blockchain technology makes it possible to globally transact cryptocurrency without any difficulty and delay, and without the need for intermediaries facilitating the transaction, resulting in almost 0 cost for transferring money from one corner of the world to another.The success of cryptocurrency has prompted a lot of entrepreneurs to launch their own cryptocurrency. The process of cryptocurrency development is not complicated from a technological perspective but needs a thorough inspection from a business point of view.The world of crypto is far from monotonous. Before you get into crypto development, let us look at the types and purposes of different types of cryptocurrency.The Different Manifestations of CryptoThe most prominent and straightforward one is the crypto coin. They can be used as substitutes for the usual currency that we transact in to buy goods and avail services. The best example of this type, of course, is bitcoin.There was a lot of speculation and uncertainty associated with investing in crypto. The fact that a lot of initial coin offerings turned out to be a scam and it was a cause of concern that\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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