Published on August 10th, 2021
“Altcoin” refers to any of the thousands of prevalent cryptocurrencies that aim to work alongside bitcoin and each other, or are competing for ultimate domination. 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.