Is bitcoin an altcoin?

Back then, anything but bitcoin (BTC) was considered an altcoin. Today the world of crypto assets is much broader. There is a wide variety of coins and tokens with use cases that go well beyond a medium of exchange, meaning they aren’t necessarily bitcoin competitors.

What is altcoin & how does it work?

Altcoin is short for "alternative coin" and — as the name suggests — is an alternative cryptocurrency to Bitcoin. Altcoins have become a major segment of the cryptocurrency markets, with projects like Ethereum (ETH), Stellar Lumens (XLM), and Uniswap (UNI) distinguishing themselves as platforms with innovative capabilities.

Are altcoins all cryptocurrencies?

Altcoins are generally defined as all cryptocurrencies other than Bitcoin ( BTC ). However, some people consider altcoins to be all cryptocurrencies other than Bitcoin and Ethereum (ETH) because most cryptocurrencies are forked from one of the two.