Coins and tokens are both forms of digital assets, but they have different characteristics and use cases. There is a vetting process in place to screen each coin before it’s listed. Every four years, the number of Bitcoins released in relation to the previous cycle gets reduced by 50%, along with the reward to miners for discovering new blocks. Therefore, the total number of Bitcoins in circulation will approach 21 million but never actually reach that figure.
- As changes in circulating supply are usually fairly gradual for most cryptocurrencies, the movement of a coin’s market cap tends to be very closely correlated with the movement of its price.
- In short, a cryptocurrency is a decentralised electronic currency.
- The list of coins is formed in relation to the market capitalization — from highest to lowest.
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