Classification of New Bitcoin Cryptocurrencies

Classification of New Bitcoin Cryptocurrencies

Category Description Examples
Bitcoin Forks Cryptocurrencies that are created by forking the Bitcoin blockchain. Bitcoin Cash (BCH), Bitcoin SV (BSV)
Privacy Coins Cryptocurrencies that focus on enhancing the privacy and anonymity of transactions. Monero (XMR), Zcash (ZEC)
Smart Contract Platforms Blockchain platforms that allow for the creation of smart contracts and decentralized applications. Ethereum (ETH), Binance Smart Chain (BNB)
Stablecoins Cryptocurrencies pegged to a stable asset like fiat currency to reduce price volatility. Tether (USDT), USD Coin (USDC)
Utility Tokens Digital tokens that provide access to a product or service within a specific blockchain ecosystem. Basic Attention Token (BAT), Chainlink (LINK)

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