What is cryptocurrency? The types and use cases

Bitcoin, the first cryptocurrency to register its presence in the digital world, celebrated its 13th birthday this year. Since the advent of Bitcoin, the crypto market has witnessed the birth of thousands of cryptocurrencies with varied use cases and utilities.

There are more than 300 million cryptocurrency users globally, and the number is expected to grow further. As the relevance and acceptance grow around these digital assets, it becomes more significant to understand the fundamentals underlying these innovative assets. So let’s explore what cryptocurrencies are, their kinds, and their use cases in this article.