Altcoin

What is an Altcoin?

Any crypto that has emerged since Bitcoin is referred to as an Altcoin. Developers cloned Bitcoin’s open-source code in its early stages to produce alternative currencies. Various Bitcoin alternatives started to drift more from its forerunner over time with differing supply cycles and privacy features.

Why Altcoins?

As a larger variety of applications for the tech have emerged, the emergence of altcoins and the corresponding blockchain networks heralds a period of exploration and development within the cryptocurrency sector.

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