What is a coin used for?

Coin, a piece of metal or, rarely, some other material (such as leather or porcelain) certified by a mark or marks upon it as being of a specific intrinsic or exchange value. The use of cast-metal pieces as a medium of exchange is very ancient and probably developed out of the use in commerce of

What is a silver coin?

A silver (alloy) coin is durable and long lasting (pure silver is relatively soft and subject to wear) . A silver coin is not subject to decay. A silver coin has intrinsic value, although the price of silver bullion coinsis subject to market swings and general inflation. Silver has always been a rare metal.

What type of coin is a penny?

For instance, the silver sceattaswere a popular type of coin in England, the Netherlands and the Frisian region. The penny was a popular interregional silver coin, thus being known in several different languages as 'penny' (English), 'pfennig' (German) and 'penning' (Scandinavian languages).

What is an “alternative coin”?

Every cryptocurrency that’s not the original Bitcoin is considered an “alternative” to it, hence an “alternative coin” or altcoin. From this vantage point, an altcoin is every cryptocurrency that’s not Bitcoin. But there’s a caveat to this definition: Not everyone agrees with it.