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Altcoins vs. memecoins vs. wrapped coins vs. hybrid tokens

Scroll through the charts, and you'll notice something pretty fast:
Crypto is not just Bitcoin.
There are hundreds of other coins and tokens - some serious, some experimental, some… questionable.
Today's Back to Basics topic is how to make sense of that pile.
We're breaking down the main types of crypto you'll run into once you leave Bitcoin territory: altcoins, memecoins, wrapped coins, and hybrid tokens - and why they exist in the first place.
Let's take a look 👀👇

1/ Altcoins
Altcoins literally means alternative coins. It's the umbrella term for any crypto that isn't Bitcoin.
Think of Bitcoin as the original blueprint - altcoins are all the remixes. Some aim to be faster or cheaper, others are more programmable, and some are built to do entirely different jobs.
Over time, altcoins have split into different flavors. They can:
👉 Power blockchains or applications;
👉 Represent real-world or digital assets;
👉 Stay price-stable (like stablecoins);
👉 Solve very specific problems Bitcoin wasn't designed for.
Overall, altcoins are where experimentation happens in crypto.
Common examples you'll hear about: Ethereum (ETH), Solana (SOL), Cardano (ADA), Litecoin (LTC).

2/ Memecoins
Memecoins are a specific type of altcoin that start with a joke, meme, or internet moment and sometimes turn into multi-billion-dollar assets because… the internet.
They usually don't launch with cutting-edge tech. What they do have is:
👉 Strong online communities;
👉 Viral momentum;
👉 Prices driven mostly by attention and hype.
That makes memecoins wildly volatile. They can rip up fast, crash just as fast, and often ignore traditional fundamentals.
Basically, memecoins aren't about utility - they're about collective belief and vibes.
Classic examples: Dogecoin (DOGE), Shiba Inu (SHIB), Floki Inu (FLOKI).

Source: @naiivememe

3/ Wrapped coins
Blockchains don't naturally talk to each other very well. Wrapped coins exist to solve that problem.
A wrapped coin represents another crypto on a different blockchain, usually backed 1:1 by the original asset.
The idea is simple:
👉 Lock the original asset;
👉 Mint a wrapped version on another chain;
👉 Use it inside that new ecosystem.
This lets assets move across networks and be used in places they normally couldn't.
Wrapped coins aren't new value - they're bridges.
Popular examples: Wrapped Bitcoin (WBTC) (Bitcoin usable on Ethereum), Wrapped Ether (WETH) (ETH in a standardized token format for apps), renBTC (another wrapped version of Bitcoin).

4/ Hybrid tokens
Hybrid tokens are tokens that are deliberately designed to do more than one core job at the same time.
In many crypto projects, a token has one clear main role. Everything else is secondary.
Hybrid tokens are different. Their value comes from combining multiple essential functions into a single token - usually things like:
👉 Being used inside the platform;
👉 Governing how the protocol evolves;
👉 Securing the system or aligning incentives.
These roles are intentionally linked. Remove one, and the setup weakens or breaks.
Common examples: Uniswap (UNI), Aave (AAVE), Compound (COMP).

And why does any of this matter?
Because not every coin should be judged the same way.
You don't analyze a memecoin, a wrapped asset, a governance token, and a base-layer altcoin with the same expectations or risk lens.
Knowing what category a token belongs to helps you understand what gives it value - and what kind of rollercoaster you're signing up for.

Source: Binance News / #BitDegree / Coinmarketcap

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#altcoins #memecoins #wrappedcoins #hybridtokens

Ethereum explained

Today's topic: Ethereum - the chain that turned crypto from "internet money" into "internet apps."

Source: @dubzyxbt

Let's clear this up right away: Ethereum is not just a cryptocurrency.
Yes, it has a coin (ETH).
But Ethereum's real purpose is being a decentralized platform where anyone can build applications without a company, server, or central authority running the show.
If Bitcoin answered the question,
👉 "What if money didn't need banks?"
Ethereum followed up with,
👉 "What if apps didn't need companies?"
Here's the core idea:
Ethereum is a blockchain that lets developers write smart contracts - pieces of code that automatically run when certain conditions are met. No middleman. No manual approval.
Once those contracts are live, they can't be changed or shut down by a single party.
That's the magic (and sometimes the chaos).

Here's how that plays out in practice:
Ethereum runs on a network of computers called nodes. These nodes all store the blockchain and agree on what's happening - who sent what, which contracts ran, and in what order.
When you do anything on Ethereum (swap tokens, mint an NFT, vote in a DAO, etc.), you're interacting with a smart contract. The network processes that action, records it permanently, and moves on.
That processing requires resources - and that's where ETH comes in.
ETH is Ethereum's native asset and is used to pay for transactions and computation (aka gas).
So ETH isn't just money - it's the fuel that keeps Ethereum running.
To keep this system secure, Ethereum relies on validators.
Validators lock up (stake) ETH as collateral and help verify transactions and smart contract activity.
👉 If they follow the rules, they earn ETH rewards.
👉 If they try to cheat, they can lose part of their stake.
This setup makes attacking the network expensive and aligns incentives so it's in everyone's best interest to play fair - all without a central authority in charge.

At this point, the difference between Ethereum and Bitcoin becomes clear.
👉 Bitcoin is intentionally limited. It focuses on being secure, predictable, and good at one thing: digital money.
👉 Ethereum is intentionally flexible. It's designed to be programmable.
Same foundation (blockchain). Very different goals.
And because Ethereum is programmable, entire ecosystems grew on top of it. This is where:
👉 decentralized finance (lending, borrowing, trading without banks),
👉 NFTs and on-chain ownership,
👉 blockchain games,
👉 DAOs run by smart contracts,
👉 and thousands of tokens
... all took off.
Ethereum became the default place to build in crypto.

Of course… it's not perfect.
Ethereum's biggest pain points:
👉 High gas fees: when lots of people use the network, fees can spike;
👉 Scalability: the base layer can only handle so much at once;
👉 Smart contract risk: code bugs can (and have) caused major losses.
A lot of Ethereum's upgrades and Layer-2 solutions exist specifically to fix these issues.
Bottom line:
Ethereum isn't just a coin - it's a platform. A programmable blockchain that lets developers build apps, organizations, and financial systems without a central authority calling the shots.
👉 Bitcoin showed the world decentralized money was possible.
👉 Ethereum showed the world decentralized everything else might be too.

Source: Binance News / #BitDegree / Coinmarketcap

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#crypto #Ethereum #bitcoin #ETHvsBTC $ETH $BTC

Today's topic: Coins vs. Tokens. Let's dig in 👇

We're starting things off with the simplest way to think about it:
👉 A coin is the "main money" of a blockchain.
It's native. It's part of the chain's DNA.
👉 A token is built on top of a blockchain.
It's something created using that chain's tools (usually smart contracts). Tokens can do tons of different jobs beyond "being money."
And now, let's go deeper...

Part 1: What is a coin?
A coin is the official currency of a blockchain network.
Coins typically do 3 big jobs:
1️⃣ They're the chain's base asset
Because coins are native, they often become the default asset people:
👉 Trade against;
👉 Hold as the ecosystem's core asset;
👉 Use as collateral in that chain's economy.
2️⃣ They pay for activity on the network (fees / gas)
Anytime you do something on a blockchain (send funds, interact with a contract, move assets), there's usually a small fee. That fee is paid in the chain's coin.
👉 On Bitcoin, fees are paid in BTC;
👉 On Ethereum, fees are paid in ETH;
👉 On BNB Chain, fees are paid in BNB.
3️⃣ They help secure the blockchain
Blockchains need people (or machines) to keep them running and honest. Coins help reward those participants:
👉 On Bitcoin, miners earn BTC for validating and securing transactions.
👉 On Proof-of-Stake networks, validators stake the coin and earn coin rewards for helping run the chain.

Part 2: What is a token?
Tokens are like the Swiss Army knives of crypto.
A token is created on an existing blockchain (like Ethereum, Solana, BNB Chain, etc.) using smart contracts.
Tokens don't need to build an entire new blockchain from scratch - they just live on one that already exists.
And they can represent all kinds of stuff:
1️⃣ Utility tokens
These are "use this token to access features" tokens.
Think: membership card / game currency / platform credits.
2️⃣ Governance tokens
These are "vote on the project's decisions" tokens.
Think: shareholder voting energy.
3️⃣ Asset-backed or stable tokens
Some tokens represent something else, like:
👉 A real-world currency (stablecoins like USDT, USDC, etc.);
👉 Tokenized assets (in some cases).
4️⃣ NFTs
Yes - NFTs are also tokens. They're just non-fungible tokens (each one is unique).

The easiest "spot the difference" checklist:
1/ Does it have its own blockchain?
👉 Yes → probably a coin;
👉 No → it's a token.
2/ What does it mainly do?
👉 Pay fees, secure network, be the base currency → coin;
👉 Does a special job inside an app/protocol → token.

"Cool cool cool... but why should I care?" - you, maybe.
Glad you asked.
You should care because coins and tokens often behave differently:
👉 Coins are tied to the health and usage of their blockchains.
(More activity = more fees = more demand for the coin in many cases.)
👉 Tokens are tied to the specific project they belong to.
(Great tokenomics + real users + strong product = better odds of survival.)
It also helps you avoid confusion when someone says:
"New coin launching!"
... and it's actually just a token on Ethereum with a logo and a dream.

Source: Binance News / #BitDegree / Coinmarketcap

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#coin #Token #Difference $BTC $ETH $BNB #USDT