What are the types of bitcoin

Once you exchange your dollars or euros for crypto assets, keys are generated that give you ownership of your cryptocurrencies. These keys are stored in a digital purse, known as a "wallet", a software that allows you to save, send and receive your assets .

Build a token bridge Each cryptocurrency has a different algorithm that manages its issuance, something that can influence its value, along with supply and demand.

Are there regulations for cryptocurrencies?

Crypto asset regulations can be classified as general or specific.

The specific regulations are those that carry out a specific regulation, whether of a fiscal, financial or compliance nature on the treatment of crypto assets. An example is the BTC El Salvador Law, recently enacted.

On the other hand, the general rules are those that regulate different new technologies, including cryptocurrencies. We can cite the Mexico Fintech Law as an example.

In Argentina there is still no law for virtual assets. However, there are currently two bills to regulate this practice.

MOST POPULAR CRYPTOCURRENCIES

Although a single search on Google returns more than 7.6 million results and there are those who claim that there are thousands of them in the world, the most important or popular ones on the market can be counted on the fingers of one's hands. So we have:

1. Bitcoin (BTC)

It was the first cryptocurrency to appear and operate, in 2009, in the international market , and the one responsible for starting the entire movement of digital currencies. Since then it has become an option for those who have excess money and want to monetize it by buying and selling fully digital currencies.

Bitcoin, BTC or new digital gold is the most popular cryptocurrency and after presenting itself as an alternative to the traditional monetary system, its price fluctuations have a strong impact on the rest of a market that is gaining more followers these days.

2. Ether / Ethereum (ETH)

It is considered the second most popular cryptocurrency and is better known as Ethereum, which is the digital platform that allows purchase and sale transactions.

3.Litecoin

Of a lower value than the first two, it works with a mechanism similar to that of Bitcoin .It is also expected that it can eventually be used to pay for services and goods on a day-to-day basis.

4.Dash

Known initially as X Coin, this cryptocurrency is based on the Bitcoin code , but with innovations in security and speed to carry out transactions on the network. It was launched in January 2014 under the name of X Coin but a month later it was renamed Dark coin and in 2015 it was renamed Dash.

5. Doge Coin (DOGE)

Created in 2013, her name and image were inspired by a meme, as a joke. It works like other cryptocurrencies, but its popularity is due to the support of celebrities like Elon Musk , owner of Tesla.

6. Tether (USDT)

Unlike other cryptocurrencies, Tether is a stablecoin because it is backed by fiat currencies such as the US dollar . And that is why its denomination as USDT on the platforms results from uniting the financial symbol of the dollar, USD. That means, in theory, that its value is more consistent than other digital currencies.

7. Polkadot (DOT)

It was launched in 2020. Its founder, Gavin Wood, was part of the Ethereum development team. Since its launch it has had impressive growth.

8. Cardano (ADA)

Its method of operation speeds up transaction time and decreases energy use and environmental impact. Its operation is similar to that of Ethereum.

9. Sunshine (SUN)

In recent weeks, Solana is one of the blockchain networks that is gaining the most fame and has also had great scalability, due to the fact that in the last month its value has skyrocketed by about 220%. It has an operations verification protocol known as Proof os History , which makes the platform work faster. Launched in 2019, 18 months ago, for a few days it has been the seventh most valuable cryptocurrency on the market.

10.Binance Coin (BNB)

Build a cross chain bridge Its name is an acronym made up of the words “binary” and “finance”. It was created in 2017. It has experienced continuous growth and is therefore considered among the ten best valued by users .

HOW MUCH ARE CRYPTOCURRENCIES WORTH?

To begin with, the value of each cryptocurrency is variable and that is why many people buy cryptocurrencies to sell them and make a profit from it.

But, you should know that the cryptocurrency market works in a particular way and allows you to choose to buy fractions of a cryptocurrency, that is, depending on the money you want to allocate to your investment.