Things to know before you get into cryptocurrency app development

It might not be an exaggeration to say that cryptocurrencies have changed the perspective of technology and money. Cryptocurrencies have started the question of the relevance of centralized bodies like banks. They have made banks and banking systems irrelevant if the trust and security can be offered by a decentralized ledger that is immutable. 

When Satoshi Nakamoto introduced the Bitcoin in 2008, never was it perceived to be a revolution that it is today. Literally, it has spearheaded a Revolution which has resulted in not only the creation of various cryptocurrencies but also in ushering the new technology called blockchain.

Blockchain alone deserves special attention for bringing in the concept of decentralized, secure and immutable ledger serving as an amazing tool for executing safe and smart transactions. However, in this blog, we will focus on the different types of cryptocurrencies and their implications.

Cryptocurrencies can be divided into three main categories, the Bitcoin, the altcoin, and the tokens for decentralized applications.