If you’re just getting started with cryptocurrency, you’ve likely heard the term Altcoin. If you’re not sure what exactly altcoins are, or why they are important, take a few minutes to read through this brief explanation. Strictly speaking, an altcoin is any crypto coin or token that ...
What is an Altcoin? Readers might ask what an altcoin is. Analtcoin is any digital currencysimilar to Bitcoin, but which serves as an “alternative to Bitcoin.” It either can be created from scratch – using virtual machines to mine ether — or it can be created by diverging (or “for...
What is an altcoin? If the entire cryptocurrency universe expanded from a single point, sort of like a big bang, that point of singularity would be Bitcoin, the first cryptocurrency. Every cryptocurrency that’s not the original Bitcoin is considered an “alternative” to it, hence an “altern...
ZCashis an altcoin, a category of cryptocurrency labeled by the crypto community to refer to any cryptocurrency that is not Bitcoin. Many altcoins are different in their purpose and intended uses. Zk-Snark allows for fully shielded transactions in which the sender, recipient, and amount are encr...
What Is Dogecoin (DOGE)? Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency. It is considered an altcoin and was launched in December 2013 with the image of a Shiba Inu dog named Kabosu as its logo. Dogecoin's blockchain has merit with its underlying technology derived from...
Whilst in the past many Altcoins were launched as a joke or test, such as Dogecoin, the majority of the ones launched nowadays are created with a clear purpose. An example of this is 888Tron which is an Altcoin created by the casino, 888Starz, andpays dividends to all coin ownerswho ...
s digital gold. It was launched as ablockchainalternative to bitcoin. Since then, the cryptocurrency has grown in value, but not at the same rate. Charlie Lee, the developer of Litecoin, created his virtual currency with several improvements in mind. In many ways, Litecoin is an improved ...
Because Bitcoin’s code is open-source, anyone can use Bitcoin’s code to create an altcoin. Many of them seek to improve on Bitcoin or expand its capabilities. Remember Bitcoin’s rules: it caps the number of bitcoin at 21M and uses the Proof of Work system to secure the network. Othe...
Litecoin is still a respected and popular altcoin but now trails behind a dozen other cryptocurrencies. As of June 2021, Litecoin is the 14th largest cryptocurrency by market capitalization, with Bitcoin still maintaining its commanding authority at 1st place. How Does Litecoin Work? Litecoin is...
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