Currently on the market there are two ways to classify cryptocurrencies: Coins and Tokens. Bitcoins and Altcoins. Q: Types of Crypto on the Market A: 2 Knowledge provider：io1cxv334dpenm7wfqyz9heqzngseah6tcvqpwqlg KNOW TO EARN is committed to building the world’s largest blockchain knowledge base and blockchain training academy. Through the interesting form of Read more…
Coin is a currency that is issued, developed on a private blockchain and operates independently. Coin was born with the purpose of solving the problems of payment, finance, security, application development, ... of the blockchain itself. Each blockchain has only 1 unique coin. Eg: The Bitcoin network has a BTC Read more…
Similar to Coin, Token is also a currency issued on the blockchain, but it does not have its own blockchain, but must "live" on another blockchain. Eg: KONO (Konomi's token) is a token because it is stored and traded on the Ethereum blockchain; MER (Mercurial token) is a token because Read more…
About features Coin is considered as a medium of exchange and store of value for the purposes of payment, investment and development of a specific blockchain project, so each blockchain contains only a single platform coin. The token possesses all the features of a coin usually issued by projects built Read more…
Altcoin is a combination of the two words “alt” and “coin”, where alt means alternative and coin means cryptocurrency. Altcoin implies an alternative cryptocurrency to Bitcoin. Simply put, Bitcoin is the first cryptocurrency, so all cryptocurrencies created after it are considered alternative money. Q: Altcoins were invented before or after Read more…
Based on properties, Altcoins are divided into 4 main groups: Platform Coins, Stablecoins, Security Tokens and Utility Tokens. Q: How many type Altcoins are there? A: 4 Knowledge provider：io1crl5rac3640udduugyk7skrsnlpjpa2h0gcr06 KNOW TO EARN is committed to building the world’s largest blockchain knowledge base and blockchain training academy. Through the interesting form Read more…
Fairness: Crypto allows players to exchange directly between two people without having to go through any other intermediary. Convenience: Investors only need a smartphone with an Internet connection to be able to trade anytime, anywhere. Fast, cheap: Users can transfer money nationwide very quickly with super cheap rates. High security Read more…
Platform coins are understood as coins issued on the main separate blockchain. Most altcoins that are hard forked from Bitcoin and have a similar mining process to Bitcoin are based on the Proof of Work consensus mechanism. While they share some similarities, each platform coin has its own purpose and Read more…
There is a total supply of 10 billion IOTX tokens. Q: How many IOTX are there A: 10 billion Knowledge provider：io1stuy4enys8h32uke9hrnfnynp57lyyku963nz9 KNOW TO EARN is committed to building the world’s largest blockchain knowledge base and blockchain training academy. Through the interesting form of answering questions, more people can participate in Read more…
IOTX is an Ethereum token that powers IoTeX, a platform that aims to connect IoT devices (such as cameras and sensors) and decentralized applications. IOTX can be used to pay for transactions, for staking and governance, and to register new devices on the IoTeX network Q: What is iotx A: Read more…