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DeFined: Cryptocurrency vs. Token vs. Altcoin Explained
A graphic image that implies a difference between Cryptocurrency, Token, and Altcoin.

DeFined: Cryptocurrency vs. Token vs. Altcoin Explained

Put simply, we can define a cryptocurrency as the native asset of a blockchain, like Ethereum (ETH), a token as an asset created by protocols built on top of those blockchains, like Uniswap (UNI), and an altcoin as any cryptocurrency or token other than Bitcoin or Ethereum.

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What is Proof of Work?
Proof of Work: A Simple Graphic

What is Proof of Work?

Proof of Work (PoW) is a type of consensus mechanism that blockchains like the Bitcoin network use to verify data and approve new blocks to the chain.

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What is a Blockchain?
A Simple Diagram of a Blockchain

What is a Blockchain?

A blockchain is a distributed ledger, or database, shared across a system of computers that support the network by storing, verifying, and adding new transactions to the chain.

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