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Cryptocurrency vs Coin vs Altcoin vs Token Hierarchy Illustration - Become a Blockchain Expert Course | Official Website | The Best Blockchain Course for Beginners
Cryptocurrency is a digital asset that is encrypted using cryptography for extra security. Coin is the name given to cryptocurrencies that usually act very similar to money, enabling users to store or transfer it, or refer to it to express the cost of a good, or to pay for that good with it. Any cryptocurrency that bears the characteristics of a coin but that is not bitcoin is called an altcoin, which refers to ‘alternative to bitcoin’. A token is another type of cryptocurrency that cannot be accepted as money or currency, unlike coins.