What are some examples of altcoins?

For example, some of the biggest altcoins you may have heard of include Ether, Ripple, Bitcoin Cash, Litecoin, and Monero. Ether: Ether is the cryptocurrency generated by the Ethereum platform, so this cryptocurrency is often also called Ethereum. The Ethereum platform is a ledger technology other companies can build on.

What does altcoin mean?

"Altcoin" is a combination of the two words "alternative" and "coin." It is generally used to include all cryptocurrencies and tokens that are not Bitcoin. Altcoins belong to the blockchains they were explicitly designed for. Many are forks—a splitting of a blockchain that is not compatible with the original chain—from Bitcoin and Ethereum.

How are altcoins different from bitcoin?

Most altcoins are designed and released by developers who have a different vision or use for their tokens or cryptocurrency. Learn more about altcoins and what makes them different from Bitcoin. The term altcoin refers to all cryptocurrencies other than Bitcoin (and for some people, Ethereum). There are tens of thousands of altcoins on the market.

Does altcoin get paid?

Paid non-client promotion: In some cases, we receive a commission from our partners. Our opinions are always our own. Altcoin is short for "alternative coin" and — as the name suggests — is an alternative cryptocurrency to Bitcoin.