Store of value cryptos (e.g. Bitcoin, Litecoin)
- safer than other cryptos, likely to go up in dollar value over time
- limited number of coins
- store or increase purchasing powers over time
- the more the government print, the more it loses the purchasing power
- disadvantage: limited functionalities
Smart contract cryptos (Ethereum and Binance smartchain)
- less emphasis on storing value
- no personal info required
- person to person, all activities are private
- no middleman to steal your data
- no maximum supplies with annual inflation schedule
- lots of competition and you don’t know which one will win
- new crypto every other month
Oracle cryptos (Chainlink)
- dozens of institutions will tell Oracle what the prices of something is and oracle will use the average of the answers
- disadvantage: pre-mined tokens are kept by teams and pre-investors
- if the prices go up these guys will sell and influence the prices