While Bitcoin is a trailblazer and the original cryptocurrency, there are thousands of other cryptocurrencies in the market with varying use cases. These cryptos are categorized as payment cryptos, infrastructure cryptos, financial cryptos, service cryptos, and media and entertainment cryptos.
Bitcoin
Litecoin is a decentralized peer-to-peer cryptocurrency and open-source project launched in 2011. It's a Bitcoin fork, and it offers faster and cheaper transactions thanks to its use of the modified Scrypt hashing algorithm.
Hong Kong becomes the first in Asia to launch the spot crypto ETFs for Bitcoin and Ether. Three Chinese companies have been approved by the Securities and Futures Commission to offer EFTs in the Hong Kong exchange.
Cryptocurrency exchanges work like the stock market, where you can buy and sell digital currencies. There are two kinds of orders in crypto exchanges- the market and limit orders.
Staking in crypto is a popular activity for investors looking to earn a passive income.