How are you all? Today I will discuss with you about Types of Cryptocurrency.I will try to present my experience.  I am young and have very little experience so please excuse any mistakes.
What Are The main Types of CRyptocurrencies?
Currently, there are thousands of cryptocurrencies out there, with many more launching every day. While they all rely on the same foundation of consensus-based, decentralized and immutable ledgers to digitally transfer value between untrusted parties, there are subtle and not-so-subtle differences between them.

[Source](https://pixabay.com/photos/finance-business-bitcoin-document-6749717/)


They retain their value because when they are created on the blockchain, such cryptocurrencies can be exchanged for one or more fiat currencies. So stablecoins are actually pegged to a physical currency, usually the US dollar or Euro.
The company that operates the peg is expected to maintain reserves to ensure the value of the cryptocurrency. This stability, in turn, is attractive to investors who may use stablecoins as a savings vehicle or as a medium of exchange that allows regular transfers of value free from price fluctuations.
Tether lends cash to companies to make money. Cryptocurrencies, such as Bitcoin.The currency's characteristic of being issued in token form or with an electronic record to prove ownership makes it similar to other established cryptocurrencies.

[Source](https://pixabay.com/photos/currency-money-wealth-finance-3341500/)


However, since CBDCs are effectively monitored and regulated by the issuing government, holders of these cryptocurrencies give up the benefits of decentralization, pseudonymity, and lack of censorship.
In addition to having the full faith and credit of the issuing country, buyers of CDBC also don't have to worry about the fraud and abuse that has plagued many other cryptocurrencies.Today's discussion ends here.  I hope you find it interesting and able to understand.  Share your thoughts on today's topic.  Wishes and blessings to all.  Everyone stay well stay healthy stay with Steemit