
What is Cryptocurrency, and Why Do We Need It?
What does cryptocurrency mean? Study the definition of cryptocurrency together with Sabai Academy! How cryptocurrency works and how to use it.
> Module 6 of 11
In this module, you will become acquainted with the main types of cryptocurrencies, learn about their differences from one another, and explore their common traits with other assets.
Today, there are thousands of , but they can all be divided into four main categories: , , , and .
– the first and coin that is distinguished in a separate category, as it cannot be classified into other categories.
– all other cryptocurrencies. Many of them differ only slightly from Bitcoin. However, some altcoins have significant improvements and unique features.
– a subset of altcoins that typically have a stable price pegged to a fiat currency, and their value is supported by real-world assets or algorithmic methods.
do not have their own and exist on other networks. They serve as a "wrapper" and represent assets from the real world, such as real estate.
Your progress is saved in this browser only.
> Read next
Recommended reading, in the order we suggest.

What does cryptocurrency mean? Study the definition of cryptocurrency together with Sabai Academy! How cryptocurrency works and how to use it.

Difference between Bitcoin and Ethereum. Learn about the rivalry!