AMulls wrote:Is there a major difference between the cryptos? I assume they are all based on the same general principle. I've been focused on learning about Bitcoin, and haven't gone down the rabbit hole of all cryptos.
They are (almost) all based on blockchain technology that attempts to decentralize and cut out the middle men of certain industries - money/currency being the first application.
Some blockchains are merely Enterprise Blockchains (like Ripple) which are still centralized. For the true believers (like me), those are not industry disrupting, but merely create efficiencies within the current business paradigm.
All cryptos aren't trying to be currencies (LTC, PIVX, XMR, HYP, BCC, Zcash) though. Some are smart contract platforms (ETH, NEO, QTUM, EOS, XTZ), others are decentralized exchanges (BTS), others are gaming projects (WGR, EDG, DBET, GAME, FUN), others are prediction markets (GNO, REP), others aim to solve other business problems (FCT, BAT, VERI) others want to solve verified identity on blockchain (CVC), others want to help you as a trader (CDT), others want to be the most secure blockchain with future quantum computing in mind (QRL), others want to bring crypto spending to meet the real world (MTL, PAY, OMG), and I could go on and on and on.
Crypto is a digital revolution, and 2017 is the year of awakening. This is still the early adoption phase. One can't take it all in. I recommend finding an area that interests you and learning as much about it as you can.