Many of us most have come across these there words, and some of us might be seeing it for the first time. Well I will try to enlighten you more on what these three words means.
What are digital currency?
According to investopia
Digital money is not tangible like a dollar bill or a coin. It is accounted for and transferred using computers. The most successful and widely-used form of digital money is the cryptocurrency Bitcoin. Digital money is exchanged using technologies such as smartphones, credit cards, and online cryptocurrency exchanges.
Since the creation of digital currency we must have heard world like tokens, Altcoins, stable coin and coin.
What are tokens?
Crypto tokens, which are also called crypto assets, are special kinds of virtual currency tokens that reside on their own blockchains and represent an asset or utility.
A token is a representation of a good that can be traded. Tokens can represent commodities, loyalty points, shares, and cryptocurrencies. Tokens are created and distributed though initial coin offerings and are bought with money, be it fiat or digital.
To read more about Tokens and there types
https://blog.makerdao.com/the-different-types-of-cryptocurrency-tokens-explained/
What are Altcoins?
Altcoins are the other cryptocurrency launched after the success of bitcoin. Generally, they sell themselves as better alternatives to Bitcoin, Altcoin" is a combination of the two words "alt" and "coin" and includes all alternatives to Bitcoin. The success of Bitcoin as the first peer-to-peer digital currency paved the way. Many altcoins are trying to target the perceived limitations of Bitcoin. An altcoin must have a competitive advantage to succeed against Bitcoin.
To read more about Altcoins you can use the link below
Thank you all for reading!!
Thanks for what you are doing. Just discovered your site. tokens, which are also called crypto assets, are special kinds of virtual currency tokens that reside on their own blockchains and represent an asset or utility.