TOML

Types of Cryptocurrencies - TOML

Cryptocurrency types include Bitcoin, Ethereum, Ripple (XRP), Litecoin, and others, each being digital assets with different purposes and technical characteristics. Bitcoin is designed as a store of value, Ethereum as a smart contract platform, XRP for accelerating international remittances, and Litecoin as an everyday payment method. These cryptocurrencies share the common feature of being based on blockchain technology and operating on decentralized networks, but differ in technical aspects such as consensus algorithms, processing speed, fees, and supply limits.

cryptocurrency crypto assets blockchain Bitcoin Ethereum Ripple Litecoin DeFi digital currency

[[items]]
code = "BTC"
slug = "bitcoin"
name = "Bitcoin"
description = "The world's first cryptocurrency, widely recognized as a store of value."
blockTime = "~10 minutes"
category = "Layer 1 / Payment"
consensusAlgorithm = "Proof of Work (PoW)"
launchYear = 2009
primaryUse = "Store of value, payment method"
supplyCap = "21,000,000 BTC"
symbol = "BTC"

[[items]]
code = "ETH"
slug = "ethereum"
name = "Ethereum"
description = "A programmable blockchain platform that enables smart contracts."
blockTime = "~12 seconds"
category = "Layer 1 / Smart Contract Platform"
consensusAlgorithm = "Proof of Stake (PoS)"
launchYear = 2015
primaryUse = "Smart contracts, DeFi, NFTs, dApps"
supplyCap = "No hard cap (deflationary mechanics)"
symbol = "ETH"

[[items]]
code = "XRP"
slug = "ripple"
name = "Ripple (XRP)"
description = "A cryptocurrency providing high-speed international remittance solutions for financial institutions."
blockTime = "~3-5 seconds"
category = "Payment / Remittance"
consensusAlgorithm = "Ripple Protocol Consensus Algorithm (RPCA)"
launchYear = 2012
primaryUse = "Cross-border remittances, inter-bank settlements"
supplyCap = "100,000,000,000 XRP (pre-mined)"
symbol = "XRP"

[[items]]
code = "LTC"
slug = "litecoin"
name = "Litecoin"
description = "A payment cryptocurrency based on Bitcoin with faster processing capabilities."
blockTime = "~2.5 minutes"
category = "Layer 1 / Payment"
consensusAlgorithm = "Proof of Work (PoW - Scrypt)"
launchYear = 2011
primaryUse = "Everyday payments, micropayments"
supplyCap = "84,000,000 LTC"
symbol = "LTC"