What are altcoins?
Altcoins refer to any cryptocurrency that is not Bitcoin, which was the first and most well-known cryptocurrency. The term “altcoin” is short for “alternative coin,” and it encompasses a wide range of digital currencies that have emerged since the introduction of Bitcoin in 2009.
Some of the most popular altcoins include Ethereum, Litecoin, Ripple, Bitcoin Cash, and Dogecoin, among others. While many altcoins are similar to Bitcoin in terms of their basic principles and functionality, they often have unique features and use cases that differentiate them from Bitcoin.
Altcoins have become increasingly popular as more people have become interested in cryptocurrency, and they offer a way for investors and traders to diversify their holdings beyond Bitcoin. However, altcoins also carry additional risks, as they are often less established and may have less liquidity than Bitcoin.