Understanding types of cryptocurrency

There are three ways in which one's own cryptocurrency can be created. Each has its own benefits over the other. Prior to creating a currency, it is important to know all the intricacies involved, and what your coin offers compared to other existing coins currently available at exchanges. A list of popular coins can be found at https://coinmarketcap.com.

Tokens based on existing blockchains

These are the tokens that are based on existing blockchain platforms, such as Ethereum, Omni, NEO, and so on. A token helps in creating a coin faster, and supports a quick go-to market strategy so that most of the time can be invested in further development of a self-hosted blockchain. 

There are examples of various blockchain projects, which start as a token and post a successful ICO once they start their own fully supported blockchain complete with a coin. Since it is faster and easier to develop a token as compared to a coin, it becomes easy for such projects to gain...