Altcoin

What is an altcoin?

Altcoin Definition: Altcoins are basically any cryptocurrency other than Bitcoin. In some cases, people may consider altcoins as any type of cryptocurrency or digital asset that doesn’t originate from Bitcoin or Ethereum, as these are the two top categories of cryptocurrencies.

In many cases, altcoins are released by developers with a specific or new purpose in mind for cryptocurrencies, which makes them distinctly different from Bitcoin and Ethereum. As cryptocurrency grows more popular as an alternative to traditional currencies, there are tens of thousands of altcoins available, many of them created for various purposes.

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