One of the largest coin tracking sites in the crypto money industry CoinGecko and investment company 21Shareshas formed a new partnership to take crypto classification to a global standard.
Two different companies have today published the Crypto Classification Standard, which proposes a uniform classification to separate cryptocurrencies. 21Shares and CoinGecko hope the global classification makes it easier for investors to understand crypto.
Carlos Gonzalez, one of the research members of investment firm 21Shares, said that since Bitcoin, thousands of different altcoin Referring to his appearance, he said:
“Unlike traditional financial instruments, cryptocurrencies can undergo major changes in a short time due to their nature.”
More than 12,000 currently active, according to CoinGecko data altcoin exists. The common classification proposal envisages dividing these assets into 6 different categories:
- Cryptocurrencies (BTC, LTC, XMR, ZEC)
- Smart Contract Platforms (ETH, ADA)
- Central Applications (Coinbase, OpenSea)
- Decentralized Applications (Aave, UniSwap)
- Blockchain Projects Working Together (LINK, UMA)
- Application-Based Networks (FIL, Arweave)
Carlos Gonzalez thinks the joint work of 21Shares and CoinGecko could be an important illuminating factor for governments for crypto regulation.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!