Cryptos 3

There are more than 10,000 cryptocurrencies in the world and new ones are born every day. The variety is very wide and they need to be classified by at least one quality in common to guide investors and those who have just entered them to move into that universe.

The very creation of Bitcoin gave rise to the first watershed between cryptos: altcoins (for “alternatives”) are called all cryptos that are not bitcoin.

Then, the leaps in the prices of the crypto created by the enigmatic Satoshi Nakamoto gave rise to the denomination of “stablecoins”, an example of which can be Tether and TrueCoin, both backed by the US dollar, which was created to try to reduce the volatility of traditional virtual currencies.

The world of rankings does not end, however, with bitcoin, and altcoins and stablecoins. The trend towards the digitization of finance and the economy describes a larger universe where it is necessary to internalize about another classification in which, as in a game of Chinese boxes, one category surrounds another. This is the case of tokens, among whose different types are crypto assets that, in turn, contain within themselves cryptocurrencies, which are a special class of them.

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