Question about the word “Altcoin”

[Chibit01]

I don’t know if this should be here or altcoin discussion.

If I’m correct; The difference between coin and token is that, coins are mostly for project which have their own personal blockchain and their native currency regarded as coin, egg Eth blockchain, Binance smart chain etc, why token is for those that merges or build in an already existing blockchain, if I’m correct here comes my question.

Aside from bitcoin every other crypto currency is “Altcoin” why generalize it when their is different between token and coin, why not altcoins for the one that fit in their and alt-tokens for the others ?

[SilverCryptoBullet]

If I’m correct; The difference between coin and token is that, coins are mostly for project which have their own personal blockchain and their native currency regarded as coin, egg Eth blockchain, Binance smart chain etc, why token is for those that merges or build in an already existing blockchain, if I’m correct here comes my question.

Let's read this topic Definition of tokens.

You are right about coins and tokens.
Coins are cryptocurrencies that have their own blockchains, you can call them as infrastructural blockchains and those coins are operate on their own blockchains as native currencies for transaction fees.

Tokens are cryptocurrencies that don't have their own blockchains and have to be built up and operate on infrastructural blockchains and needs that native currencies for transaction fees.

For example Binance Smart Chain has its BSC blockchain and the native currency is BNB so BNB is a coin. Pancakeswap (CAKE) is built and operates on BSC so any CAKE transaction needs BNB for transaction fee. CAKE is not a coin but a token.

[noorman0]

It's just a creative way for altcoin enthusiasts to use more terms. It doesn't change the fact that those tokens are part of the altcoin ecosystem, and I think generalizing them will save you a lot of thought.
There's actually another term that bitcoiners recognize: "shitcoins", which is a pronoun for certain altcoins, or all of them. It doesn't really matter.

[Patikno]

I don’t know if this should be here or altcoin discussion.

If I’m correct; The difference between coin and token is that, coins are mostly for project which have their own personal blockchain and their native currency regarded as coin, egg Eth blockchain, Binance smart chain etc, why token is for those that merges or build in an already existing blockchain, if I’m correct here comes my question.

Aside from bitcoin every other crypto currency is “Altcoin” why generalize it when their is different between token and coin, why not altcoins for the one that fit in their and alt-tokens for the others ?

To be more specific, coins can be called "Native Tokens", which are the primary currency on their respective networks, they are typically used for gas fees, and are commonly found in transactions. Bitcoin and altcoins (which have their own blockchains) are considered native tokens, according to several references I have read. So, we could actually use that term to emphasize our point, but generally, people will refer to them as "Coins", I hope you will understand this better through the discussion in this thread, and the various information provided by several users here.

[FirmWars]

Aside from bitcoin every other crypto currency is “Altcoin” why generalize it when their is different between token and coin, why not altcoins for the one that fit in their and alt-tokens for the others ?

It is generalized because the "alt" means alternative of Bitcoin, so any coin aside Bitcoin is an alternative coin, you don't say alternative token because tokens are not independent of Bitcoin success. It is said that every other coins or token aside Bitcoin was created for their different purpose and so all of them are alternative coins of Bitcoin.
Example, when you hear stablecoins, do you also hear stabletoken? Those general terms were given for clarity purpose but when you want to be specific, you can mention the token  you are referring to, but mentioning altcoin, everyone will know that you mean any other coins or token apart from Bitcoin.

[Hatchy]

Aside from bitcoin every other crypto currency is “Altcoin” why generalize it when their is different between token and coin, why not altcoins for the one that fit in their and alt-tokens for the others ?

Bitcoin was the first real form of crypto currency to be created. After it came many other coins which made promises to be better than bitcoin but at the end they all failed. They are called alt coins because they are a choice investors can go after if they aren't satisfied with what bitcoin offers. Every coin has its own Blockchain while many tokens are launched using their Blockchains. Only bitcoin still remains bitcoin and has no shit coin under it's network. Though some might say what about the forked coins, yes when a forked coins is created, it usually creates another Blockchain entirely different from bitcoin..

[Mia Chloe]

~snip

Basically you should try to judge with the phrase; "if it's not bitcoin it's altcoin" . Fact is like Hatchy mentioned, bitcoin was the first successful cryptocurrency and every other thing they came after it were just alternative coins hence the name altcoins. The point is altcoins is like a general name to kinda group them.

Yeah they are tokens by definition and function but they are cancelled because partially call alts by context of unit or their anchor chain.

[un_rank]

Aside from bitcoin every other crypto currency is “Altcoin” why generalize it when their is different between token and coin, why not altcoins for the one that fit in their and alt-tokens for the others ?

Bitcoin is the base coin, all others are alternatives to it. There is no base token, this means they are all tokens, for there to be an alternative token, Bitcoin would need to be considered to be a token, which it certainly is not.

- Jay -

[Hyphen(-)]

Aside from bitcoin every other crypto currency is “Altcoin” why generalize it when their is different between token and coin, why not altcoins for the one that fit in their and alt-tokens for the others ?

I think just to differentiate them completely with Bitcoin. Any coin or token apart from Bitcoin should be referred to as altcoin. Saying alt token and alt coin will not make any meaning, so it is better to generalize the name since they are all make sure they leave with Bitcoin standard which is not possible, but some of these coins have succeeded but below Bitcoin and they still rely on Bitcoin to make move in the crypto market.
No need to differentiate between token and coins, they are all alternatives coins.

[Aanuoluwatofunmi]

Aside from bitcoin every other crypto currency is “Altcoin” why generalize it when their is different between token and coin, why not altcoins for the one that fit in their and alt-tokens for the others ?

Because the first version of cryptocurrency is Bitcoin and every other coin or token fall under altcoins, being alternative currencies to the first coin Bitcoin.

There are many other things to use in considering bitcoin as ahead any other coin or token, while from your own definition, you have also highlighted on what differentiate coins and tokens.

[goldkingcoiner]

I don’t know if this should be here or altcoin discussion.

If I’m correct; The difference between coin and token is that, coins are mostly for project which have their own personal blockchain and their native currency regarded as coin, egg Eth blockchain, Binance smart chain etc, why token is for those that merges or build in an already existing blockchain, if I’m correct here comes my question.

Aside from bitcoin every other crypto currency is “Altcoin” why generalize it when their is different between token and coin, why not altcoins for the one that fit in their and alt-tokens for the others ?

Yes exactly. Coins have their own blockchain, while tokens are just "offspring" that are on an already existing blockchain.
They are far easier to create as it does not involve needing to develop a whole blockchain.

Altcoin is any cryptocurrency which is not Bitcoin. Basically they are on modified copy/paste blockchains of Bitcoin.
Some have certain improvements, like enabling DeFi functions while others are useless but hyped.

Personally I think Bitcoin is the only true valuable cryptocurrency.
There are too many altcoins/tokens as is.

I am not sure why, I guess it is just the naming convention that became that way over time...

[Moreno233]

It's just a creative way for altcoin enthusiasts to use more terms. It doesn't change the fact that those tokens are part of the altcoin ecosystem, and I think generalizing them will save you a lot of thought.
There's actually another term that bitcoiners recognize: "shitcoins", which is a pronoun for certain altcoins, or all of them. It doesn't really matter.

I like the second paragraph which is the right word for most of these things called altcoins. A lot of them are shitcoins that offers no utility and were created by people that just want to enrich themselves. A lot of those shitcoins die in less than a year from their launch irrespective of how hyped they are or what exchange they are listed in. It is even looking like the earlier altcoins were better, then you could find some of them that lasted long unlike now that almost all the projects are turning into shitcoins.

[Wiwo]

I don’t know if this should be here or altcoin discussion.

If I’m correct; The difference between coin and token is that, coins are mostly for project which have their own personal blockchain and their native currency regarded as coin, egg Eth blockchain, Binance smart chain etc, why token is for those that merges or build in an already existing blockchain, if I’m correct here comes my question.

Aside from bitcoin every other crypto currency is “Altcoin” why generalize it when their is different between token and coin, why not altcoins for the one that fit in their and alt-tokens for the others ?

You are right, token and coins are both part of the cryptocurrency ecosystems while one operation is dependent on the other the other one is in a whole of itself,  just as theymos thread that the link was shared already mentioned that and clarified what a toke is from a coins,  is quite easy to understand and differentiate the two from one and the other.