Topic: Difference between bitcoin, altcoin, and token (Read 461 times)
altcoyins and tokens are better than bitcoin, they have cheaper and faster transactions and other blockhain
Bitcoin has best and most skilled developer, has biggest and most secure network, first crypto created ,created blockchain , is a father of all alts. Altcoin is a vast majority of altcoin is a bitcoin . Token represent a resource or a specific utility which often resides at the top of another block of chain. Token can easily indicate which activities are interchangeable and sacrifiable from products to loyalty points maybe see other criptomedas
There is not much difference between bitcoin and other tokens, and they are based on blockchain technology and open source. Each coin has a different practicality and feature but has in common a high security and anonymity. That is why today people choose cryptocurrency as an alternative investment channel for traditional types.
Bitcoin has best and most skilled developer, has biggest and most secure network, first crypto created ,created blockchain , is a father of all alts. Altcoin is a vast majority of altcoin is a bitcoin . Token represent a resource or a specific utility which often resides at the top of another block of chain. Token can easily indicate which activities are interchangeable and sacrifiable from products to loyalty points maybe see other criptomedas
How about altcoin and token? How are those two different from bitcoin?
"Altcoin" literally means alternative coin or alternative cryptocurrency...from Bitcoin. It's really an antiquated word at this point. Altcoin was relevant back in 2014 or 2015 when there was Bitcoin, Litcoin, and a handful of meaningless wannabe currencies (like Doge). Technically Bitcoin is an altcoin from any other cryptocurrency.
"Token" is a cryptocurrency that's not intended for monetary transactions. The tokens represent the value of information exchange on a blockchain, it's not for spending to buy a coffee but to pass information on a secure network among a community.
Well altcoins are alternative coins to bitcoin that themselves are mineable making them coins. What makes them differ from tokens is that tokens are made thru a smart contract on a platform like Ethereum whereas a coin is made through mining. Coins have different supplies whereas tokens supplies are fixed.
Bitcoin is a digital currency also called as "cryptocurrency". It can be used to trade goods and services. Its value changes from time to time and is very unpredictable. How about altcoin and token? How are those two different from bitcoin?
Bitcoin is the original crypto currency that uses blockchain technology. It was the first crypto created, and has the highest market cap in the entire market. However, you may have noticed that the crypto market has more than just Bitcoin. Everything that's not Bitcoin and is being traded on these exchanges is considered an altcoin. There are some nitty bitty details, like Ripple which many people don't consider an altcoin because it's centralized and not really a true crypto currency, but for the most part this definition should be clear enough. Tokens are ICO payouts that aren't on exchanges yet, as far as I know.
Altcoins or alternate coins is as the name suggests, they are coins which not Bitcoin. Altcoins include the likes of Ethereum, Ripple and all others, except Bitcoin. Tokens are like shares from a company which you purchase during an ICO.
What i have learnt so far is that 'Bitcoin' is the pioneer and a standard for cryptocurrencies, it is currently ruling the crypto market that's why any other coin is called "altcoin". Token are also altcoins which are based over other blockchain (e.g many tokens have ethereum based blockchain). This is my observation and explanation, may be some of you have some other points to differentiate them.
Bitcoin is the gold standard and everything else is an altcoin. Altcoins can be either token or coin although it may seem weird that altcoin can be a token. Altcoin for real is a coin that is not bitcoin that can be mined like currency whereas a token is made out of a smart contract generally for an ICO. Altcoin=Litecoin and token=OmiseGO
Simple and good explanation for all mentioned. Bitcoin is prime first crypto ever created, then there were created many alt ones, also many tokens that use ethereum blockchain and they are mostly payed in tokens. They call them tokens, but it also an altcoin in the end. Everything is on exchange bitcoin altcoins and tokens so in generally there is not much of difference.
Bitcoin is the gold standard and everything else is an altcoin. Altcoins can be either token or coin although it may seem weird that altcoin can be a token. Altcoin for real is a coin that is not bitcoin that can be mined like currency whereas a token is made out of a smart contract generally for an ICO. Altcoin=Litecoin and token=OmiseGO
My impression of them are that altcoins are simply other "currencies" while the tokens are altcoins that have not started trading in exchanges yet.
Bitcoin is a digital currency also called as "cryptocurrency". It can be used to trade goods and services. Its value changes from time to time and is very unpredictable. How about altcoin and token? How are those two different from bitcoin?
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