@mooontivated 24 August 2020 more from that month

Altcoin

An altcoin is a term given to describe alternative digital assets, such as a coin or token that is not Bitcoin. Some examples are; - Ethereum - Ripple - Dash - Monero - Dogecoin and many more ...

The altcoins that were forked from Bitcoin often present a similar mining Process of which relies on the Proof of Work consensus algorithm. However, there are several other cryptocurrencies experimenting with alternative methods of reaching consensus within distributed blockchain networks. The term **“Altcoin”** is also used quite broadly to refer to digital assets that would also technically be referred to as “tokens” rather than coins. The best-known examples are the ERC-20 tokens that exist on top of the Ethereum blockchain. Altcoins Good and Bad; ***Volatile*** ***Competitions*** ***Low transaction fees*** ***Can result in fraud or scam*** ***Price stability*** ***Value is volatile***