What is an altcoin?

Please fill out this field. Altcoin, short for “alternative coin,” is any cryptocurrency other than market leader Bitcoin. The strictest definition of an altcoin, short for “alternative coin,” is any cryptocurrency other than market leader Bitcoin.

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.

Are altcoins a viable alternative payment method?

Generally, alternative payment methods outside of traditional currencies, including altcoins, are on the rise. Altcoins (and Bitcoin) combine properties of modern money and the likes of gold into a new type of asset which makes it both scarce (like gold) yet easily transferable (like fiat currencies).

Is Litecoin still a popular altcoin?

Since then, Ethereum’s price has fallen quite considerably against Bitcoin, but it still plays a considerable role as a popular altcoin. Otherwise known as “the silver to Bitcoin’s gold” due to their similar functions, Litecoin was launched in 2011 with the intention of being a global digital payments system.