Explore your way through crypto
Grab a roadmap for your journey from complexity to crypto clarity with our handy crypto categories guide
Start your journey with our handy guide
In a world bursting with over 20,000 crypto tokens and coins, it's easy to get lost. Follow Qovex crypto explorers on a journey through the crypto landscape, discovering and making sense of crypto as you go.
Explore the categories, discover their unique characteristics, and gain insights into how cryptocurrencies are reshaping our lives. Start discovering and let the puzzle pieces fall into place.
Meme cryptocurrencies
What do dogs and crypto have in common?
Meme coins often emerge from internet trends and social media hype, gaining popularity and value through their humorous nature and the strong online communities that rally around them. Their value is primarily driven by social media hype, community sentiment, and speculative trading. They are often considered highly speculative and can be subject to extreme price volatility. Surely, you’ve heard about Dogecoin, right?
Stablecoins
Can coins be stable?
Some more than others. Stablecoins are a type of cryptocurrency whose value is tied to another asset such as the U.S. dollar or gold, allowing them to mirror that asset’s price in a stable manner. Stablecoins offer users the advantages of transparency and transferability, similar to other cryptocurrencies, while typically offering lower volatility.
Bitcoin
Where did it all start?
Bitcoin emerged in 2009 as a breakthrough in decentralized digital currencies. Created by an anonymous individual or group known as Satoshi Nakamoto, Bitcoin introduced a new way to conduct peer-to-peer transactions without the need for intermediaries and has since evolved into a global phenomenon.
Layer 1 cryptocurrencies
Crypto has layers?
The layer 1 network (L1) refers to the foundational layer of a blockchain. It delivers the crucial services required by a decentralized network, such as registering transactions and maintaining proper security measures. Just like a skyscraper, the foundation of a blockchain is its most important layer. Imagine layer 1 as the foundation of a tall building—it bears the weight of the structure and keeps it stable. Wait till you hear about layer 2.
Payment cryptocurrencies
Can I buy things with crypto?
Yes you can. Payment cryptocurrencies are digital assets created as an alternative to traditional currencies (like the USD, or the Euro) and are primarily used as a medium of exchange, or unit of account, although they are not backed up by governments. They are also designed to facilitate fast and cost-effective transactions for goods and services internationally without the need for an intermediary like a central bank or payment processor.
Tokens or coins?
Is there a difference?
Following the success of Bitcoin, numerous other cryptocurrencies entered the scene. Both coins and tokens. But what’s the difference? Coins, such as Bitcoin and Litecoin, are native digital currencies, operating on their own blockchain networks and possess unique characteristics and functionalities. On the other hand, tokens, like Ethereum's ERC-20 tokens, are created and hosted on existing blockchains.
Take the quiz
Know your crypto
Challenge yourself with our 6-question true-or-false crypto quiz. Test your knowledge and embark on a journey to crypto clarity with Crypto Categories Unveiled.
Once you've checked your crypto compass, keep following the path to see where it leads!
From Bitcoin to Beyond
Our handy book is here to simplify the complex crypto landscape for you, breaking it down into just 14 categories. Chart your course and find all the answers within.
Forget complex jargon, get simplified explanations and start seeing patterns and connections. Kickstart your journey with Bitcoin, the pioneer that changed the world of finance forever. Once the stage is set for understanding other cryptocurrencies, start categorizing them into groups - from payment solutions to Layer 1 networks, stablecoins to the metaverse, and crypto in gaming. It's your roadmap to clarity in the crypto world.
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