A term with a dominantly Greek origin meaning an initial version or edition of something, often to be upgraded at a later time.

Alpha is the first letter of the Greek alphabet, so the term generally represents something that is the first along to be produced or released to the public, often to test the reception. This is the most prominent usage of the term in software development. However, alpha as a concept is also used to describe the crudest outcomes of a process, and it serves as a benchmark to emphasize significant improvements in follow-up products, recommendations, and initiatives.

In the blockchain ecosystem, an alpha product may take the form of the first result of a project that functions as a framework. Thus, an investor would spend a lot of time analyzing the various aspects of an alpha release before deciding to commit time and resources to the envisioned final or initiative.

Any cryptocurrency that is not Bitcoin and is therefore considered an alternative option to the earliest digital currency.

An altcoin is simply any digital currency that is not Bitcoin. The term evolved from a combination of ‘alternative’ and ‘virtual coin,’ thus referring to any and every digital currency that is not the earliest and traditional cryptocurrency, which is Bitcoin. Moreover, an altcoin is no longer defined solely as virtual currency, but also includes the entire spectrum of crypto tokens and other crypto-related assets which use a different Blockchain algorithm and network than Bitcoin.

Some of the most common and innovative altcoins in blockchain history are Ethereum (ETH), Tether (USDT), ChainLink (LINK), Dogecoin (DOGE), and Kyrrex (KRRX). Each of these altcoins is different from Bitcoin in terms of operational algorithm and deployment (allocation) structure.

A digital distribution of tokens and assets to users on a blockchain platform based on pre-established conditions.

Allocation is a simple term that refers to the systematic distribution of things. In the crypto space, the term refers to a digital process whereby the administrators of a crypto exchange platform distribute tokens, equity, and other crypto-related assets to users or members of the platform. The distribution process is generally based on an established protocol, so users are aware of the time of said distribution and whether or not they qualify.

Allocation is a very important part of the blockchain ecosystem, especially for crypto traders and investors who are not big on mining cryptos themselves. Thus, the asset-distribution process is intended to boost awareness of the token, as during ICOs (initial coin offerings), or pay shareholders for investments.

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