Key Players

Note: All data in this section updated as of March 30th, 2022

Although there are many different types of cryptocurrencies, the market is dominated by three: Bitcoin, Ether and stablecoins.

Source: Coinmarketcap as of 3.30.22. Respective market caps divided by total market cap.

• Bitcoin: Bitcoin is the world’s first and largest pure cryptocurrency

• Ether: Ether is the native token of the smart contract platform Ethereum. It can be thought of as a form of “programmable money” (e.g. it can be coded to perform functions such as automatically repay loans, hold funds in escrow, automatically execute contracts, etc…)

• Stablecoins: Stablecoins are cryptocurrencies pegged to the value of fiat currencies such as the Dollar, Euro, Renminbi or Yen

We’ll dive into each of these in the next sections...