An altcoin, or alternative coin, is pretty self-explanatory. An altcoin is every cryptocurrency alternative to Bitcoin – the first one. Altcoins may differ from Bitcoin in every possible way, such as mining mechanisms, coin-distribution methods or the ability to create decentralized applications.
Although Bitcoin is innovative and massively influential, it has some problems that developers are trying to fix with their own products. There is an altcoin that makes faster transactions, there is an altcoin that is less volatile, there is an altcoin that is more private and so on. There are more than one and a half thousand altcoins on the market at the day this text is written, according to coinmarketcap.com. Altcoins are playing a very important role by expanding boundaries of blockchain possibilities and the scope of applications.
thanks for viewing
write your views in comment and upvote me
Source
Plagiarism is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam.
Spam is discouraged by the community, and may result in action from the cheetah bot.
More information and tips on sharing content.
If you believe this comment is in error, please contact us in #disputes on Discord
bitcoin down and altcoin down so bitcoin up and altcoin up