Types of Cryptocurrencies

Bitcoin (BTC): Bitcoin is the earliest and most famous cryptocurrency, created in 2009 by a person using the pseudonym Satoshi Nakamoto. It is widely regarded as "digital gold".

Ethereum (ETH): Ethereum is the second largest cryptocurrency, created by Vitalik Buterin in 2015. It is not only a cryptocurrency, but also a platform that supports smart contracts and decentralized applications (DApps).

Other Cryptocurrencies: In addition to Bitcoin and Ethereum, there are thousands of other cryptocurrencies on the market, such as Litecoin, Ripple, Bitcoin Cash, Dogecoin, etc.

Applications of Cryptocurrencies

Methods of Payment: Cryptocurrencies can be used as a means of payment to purchase goods and services. For example, Tesla once accepted Bitcoin as a payment method.

Investment Tools: Cryptocurrencies are widely used for investment and speculation, and investors make profits by buying and selling cryptocurrencies.

Decentralized Finance (DeFi): DeFi is a financial service based on blockchain technology, such as lending, trading, and insurance, with the goal of providing financial services without intermediaries.

Smart contracts: Smart contracts are automatically executed contracts whose terms are controlled by code. Ethereum is one of the main platforms that supports smart contracts.

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