Categorization of Cryptocurrency

The term “cryptocurrency” is merely suggestive of some cryptographically written coins that are used in transactions and stored up some measure of values. It does not capture the varying difference in various coins which include technology, incentive alignment, and structure. Each cryptocurrency solves a fixated issue, and they fall into a certain type of category but in some cases, they do more than solving a single problem which places them in more than one category. Here are a few categories that a cryptocurrency could fall into.