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Altcoin: what is an alternative cryptocurrency or altcoin trader ?

  Altcoin is the contraction of the expression "alternative coin".  This term refers to all virtual currencies other than bitcoin....

 

Altcoin: what is an alternative cryptocurrency?

Altcoin is the contraction of the expression "alternative coin". This term refers to all virtual currencies other than bitcoin.

Altcoin is the contraction of the expression "alternative coin". This designation designates all Cryptocurrency  other than bitcoin. An altcoin is an alternative to bitcoin, this cryptocurrency which was itself created in 2008 to offer a decentralized alternative to the traditional financial system. 





As cryptocurrencies, Altcoins (Neo, Ripple, Monero, Ethereum , Dash, Litecoin…) are digital assets (non-fiduciary currencies) that rely on blockchain technology. Altcoins integrate other functionalities and other validation protocols than bitcoinLitecoin (a modified version of bitcoin) thus aims to offer reduced transaction fees and times compared to those of its illustrious elder. Other altcoins, like ethereum, are now at the heart of real ecosystems, allowing in particular to sign smart contracts or organize fundraising. Potentially, the number of altcoins is endless, with anyone today able to decide to launch their own cryptocurrency. Each altcoin has its own value and trading volume. The "price" and the capitalization of the 100 most important cryptocurrencies (i.e. Bitcoin and Altcoins) can be consulted in real time on the Coinmarketcap site

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