What is altcoin?

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 makes 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.

What does bitcoin mean?

" Bitcoin: A Peer-to-Peer Electronic Cash System ." Accessed Nov. 19, 2021. Bitcoin Project. " Frequently Asked Questions ." Accessed Nov. 19, 2021. Bitnodes. " Global Bitcoin Nodes Distribution ."

What are the most popular altcoins?

Some of the most prominent altcoins today are Binance Coin (BNB), Cardano (ADA), Chainlink (LINK), Ethereum (ETH), Litecoin (LTC), Polkadot (DOT), Tether (USDT), Uniswap (UNI), etc. After Bitcoin’s immense success as the first cryptocurrency, programmers started inventing other cryptocurrencies that were based on Bitcoin’s features.