What is an altcoin?

Altcoins refer to all cryptocurrencies other than Bitcoin. While Bitcoin is the most popular and largest cryptocurrency, there are several altcoins that have gained significant popularity and recognition in the crypto market. Some examples of popular altcoins include:

  • Ethereum (ETH) - a decentralized platform that enables developers to build and deploy smart contracts and decentralized applications (DApps).
  • Ripple (XRP) - a digital payment protocol that facilitates fast and low-cost international money transfers.
  • Litecoin (LTC) - a peer-to-peer cryptocurrency that offers faster transaction confirmation times and a different hashing algorithm than Bitcoin.

Last updated 10/18/2023, 10:05:21 PM

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