Let's start with the diversification of a crypto coin or token. A coin is a cryptocurrency, which is using its own blockchain, the biggest examples are Bitcoin and Ethereum. A token is created on an existing protocol. The most newly released tokens are built on the Ethereum blockchain. In general, a coin is used for payments while a token can have different kinds of functionality.
These assets are mainly used for different kinds of payments. Cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) are popular payment currencies. Currency coins are the best representation of a decentralized online alternative to government-controlled fiat currencies.
This pretty wide term includes many projects which take the functionality of blockchain technology further than just payments. These platforms allow you to create your own decentralized applications (Dapps), digital assets, and many more on their blockchain. Therefore, blockchain platforms become their own “Blockchain Economies” with different assets and applications. The biggest blockchain economy is Ethereum (ETH).
A stable coin is also called the trader's safe haven. Stable coins are cryptocurrencies whose price is aimed at through an active or political monetary policy. The best known Stablecoin is Tether (USDT), each Tether should be covered by one dollar.
Security Tokens allow real assets to be converted into digital tokens. In this way, it is possible to have tradable financing instruments such as shares or profit participation certificates listed as digital assets on blockchain technology - i.e. without a certificate or commercial register. Payments to the owners, such as dividend payments, can also be mapped using security tokens. Security Tokens thus represent a further development of classic securities such as shares or participation certificates.
Other digital assets like Monero (XMR) and ZCash (ZEC) have their primary focus on privacy. During coin transactions, only the sender and receiver know the number of coins transacted. Whereat Bitcoin for comparison transaction amounts and also wallet balances are shown to everyone who knows the wallet address, this information is hidden from everyone, except the holder of a privacy coin wallet.
The main usage of a utility token is to access different services of the protocol they are integrated. Those token can be used for any payments within their specific ecosystem. One famous example is the Basic Attention Token (BAT), where users can use the token to obtain a variety of advertising and attention-based services within the Brave browser. Many exchanges created their own exchange token, which brings benefits to their exchanges.
You could certainly further subdivide into more different types, but with this list, you should get a good first impression.
Stellar was co-founded by former lawyers Joyce Kim and Jed McCaleb in 2014. Jed McCaleb is also the founder of the now-defunct Mt. Gox exchange and the co-founder of Ripple. Both Stellar and Ripple are payment networks that initially used the same protocol.
In today's marketplace, you are constantly encountering new and different crypto exchanges. Many of these exchanges have created their own crypto exchange token to complement their services. In this article, we would like to introduce the most well-known tokens, give you an idea of what they are all about, and what sets them apart from the rest of this significant part of the global crypto market
Neo (formerly Antshares) was founded by Da Hongfei and Erik Zhang in 2014, followed by the Mainnet launch in October 2016. The vision of building a “smart economy” was developed with the official rebrand to Neo in June 2017.
Since the last major cryptocurrency bull run in 2017, the global ICO scene exploded. And with it came a plethora of fake crypto and blockchain projects, all with the goal of getting rich while ripping off unsuspecting customers.