BREAKING DOWN 'Altcoin'. "Altcoin" is a combination of two words: "alt" and "coin"; alt signifying 'alternative' and coin signifying (in essence) 'cryptocurrency.' Thus together they imply a category of cryptocurrency that is alternative to the digital currency Bitcoin.
What is the future value of altcoins?
The future value of altcoins is impossible to predict, but if the blockchain they were designed for continues to be used and developed, the altcoins will continue to exist. "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.
What are pre-mined coins?
The alternative to mining-based altcoins is pre-mined coins. Such coins are not produced through an algorithm but are distributed before they are listed in cryptocurrency markets. An example of a pre-mined coin is Ripple’s XRP.
Will altcoins include only mining-based cryptocurrencies other than bitcoin?
Altcoins might include only mining-based cryptocurrencies other than Bitcoin in the future as usage continues to develop with technology. "Altcoin" is a combination of the two words "alt" and "coin" and includes all alternatives to Bitcoin. The basic framework for Bitcoin and altcoins is similar.
