A Guide to Fundamental Analysis for Cryptocurrencies
This article examines Systematization of cryptocurrencies and the importance for cryptocurrencies fundamental analysis of how to conduct and how to engage in your own due diligence before investing.
Navigating the world of cryptographic features can be very daunting, as there is so much use of computing jargon and technical concepts that almost certainly confuse you. On top of that, the relative childhood of the technique, it can be difficult to find structured resources that will help you in your journey.
Coins vs Tokens: Systematization of cryptocurrencies
It is important to note that all coins or tokens are considered cryptocurrencies, even though most of the coins do not work as currency or medium of exchange. The term cryptocurrency is a misnomer because a currency technically represents a unit of account, a store of value, and a medium of exchange. All of these properties are inherent within Bitcoin, and since the cryptocurrency space was kicked off by Bitcoin Creation, all other Bitcoin conceived coins are generally regarded as cryptocurrency, though most do not meet the aforementioned characteristics of an actual currency.
The most common categorization of cryptocurrencies are:
- Alternative Cryptocurrency Coins…
