In order to confirm the identity of the person entering an account, a verification code is given to a different device. It's used for two-factor authentication.
Altcoin
Altcoin is the term given to describe alternative digital assets, such as a coin or token that is not Bitcoin. This nomenclature comes from the idea that Bitcoin is the original cryptocurrency and that all others are then considered “alternate” or “alternative” coins.
Coin
Cryptocurrencies known as coins run on separate blockchains and are unrelated to other coins. Such a cryptocurrency's single unit is also known as a coin.
Governance Token
Developers design governance tokens to let token holders influence the direction of a protocol.