Altcoins

Altcoins refer to any cryptocurrencies that are not Bitcoin. The term “altcoin” is a combination of “alternative” and “coin,” highlighting that these digital currencies serve as alternatives to Bitcoin, which was the first and remains the most widely recognized cryptocurrency. Altcoins can vary significantly in terms of features, technology, purpose, and market performance. Some popular altcoins include Ethereum, Ripple, Litecoin, and Cardano, each having unique properties and use cases, such as improving transaction speeds, offering smart contracts, or enabling decentralized applications. The altcoin market is known for its volatility and innovation, often introducing new concepts and functionalities within the blockchain space.