What Is Altcoin?

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Avatar for Hamham
Written by
3 years ago
Every knowledge broadens the horizon.

As a newcomer to the cryptocurrency market, I think I have a lot to learn. In this article, I will share with you what remains in my mind from my research on altcoins.

Contrary to popular belief, "altcoin" is not a cryptocurrency. Altcoin is used to refer to any cryptocurrency other than Bitcoin, which was founded on January 3, 2009.

Most of the altcoins in the market have emerged as defined in the ERC20 network, which is the Ethereum blockchain system.

The Reason Altcoins Originate

The reason for the emergence of altcoins is the growth of the crypto world and this industry. It is aimed to make faster transfer transactions than Bitcoin.

Mining operations in altcoins are easier than Bitcoin. The market has become active with mining. Cryptocurrencies with faster transfers were created.

Two people complaining about their problems with the bitcoin transfer process.

Popular Altcoins

  • Ethereum

  • XRP

  • Litecoin

  • Chainlink

  • Bitcoin Cash

Altcoins

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3 years ago

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