October 27, 2017  |     |     |   Comments Off on
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Altcoins are the alternative cryptoccurencies launched after the success of Bitcoin (BTC).

“Altcoin” is a combination of 2 words: “alt” and “coin.” alt is short for alternative and coin denotes currency. Thus, together they define the category of cryptocurrency that is an alternative to the digital currency Bitcoin.

Altcoins seek to take advantage of any technological limitations that Bitcoin has. They come up with new solutions for competitive advantage.

There are dozens of altcoins. The most heavily-traded altcoins in cryptocurrency marketplaces include Ethereum, Ripple, Litecoin, and Dash.

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