As anyone who has paid any attention to the cryptocurrency market will tell you, the devil is always in the details. While the public perception of the cryptocurrency market is that it exists as a homogeneous entity — like the cryptocurrency rankings you see on coinmarketcap are no different from a Forex currency ranking, with cryptocurrencies like Bitcoin and Ethereum and Cardano no more different from each other than the pound is from the euro or the dollar — the public perception of the cryptocurrency market is that it exists as a homogeneous entity.
What is the evidence of combustion?
They’re all just currencies, right? Just different in name, color, and value. But this gross oversimplification of cryptocurrencies and their evolving, highly specialized use cases misses a whole world that exists under the hood of each currency.
Related: Proof of Stake vs. Proof of Work
Here at Nerdschalk, we’ve been talking a lot about cryptocurrency lately. We’ve published a few guides on some of the bigger currencies, explaining how they work and how you can buy them yourself. We’ve talked about NFTs and how to invest in them. We’ve even covered pure-blockchain topics like Forking and Sharding.
