What is altcoin?

[bitpation]

Altcoin is an alternative to the king of cryptocurrency, Bitcoin. Altcoin is the second choice after Bitcoin for us to invest, trade and make as much profit as possible in this Crypto world. But the Altcoin market still follows the market from Bitcoin, because Altcoin still cannot go beyond Bitcoin until now.

[albel]

welcome (I'm also still kind of "freshman" here ). digital currencies or money = cryptocurrencies ... and so bitcoin for example is one of the cryptocurrencies and, probably, the most popular one. and then there are other cryptocurrencies like bitcoin, that were created after the bitcoin - these are called altcoins. so basically every cryptocurrency apart from bitcoin. thats the idea I have about altcoins. Alex.

[Faisalul]

I'm a new member here,  please i want to know what is altcoin.

Altcoins full meaning is Alternative. Such as: XRP, ADA, ETH, Steem etc coins are known as altcoin. You can buy that coins from any exchange site like bittrex, livecoin.

[Dacosta]

Altcoin is any coin powered by the blockchain technology which came after bitcoin. There are hundreds of them and more keep coming everyday

[Goku01]

Altcoin is an other option to the ruler of digital currency, Bitcoin. Altcoin is the second decision after Bitcoin for us to contribute, exchange and make however much benefit as could reasonably be expected in this Crypto world. Be that as it may, the Altcoin showcase still takes after the market from Bitcoin, on the grounds that Altcoin still can't go past Bitcoin up to this point.

[Elaine99M]

Many of us know already what is an altcoin. Altcoin is coming from the word "alternative" and "coin"  which means alternative coin. An alternate crypto for bitcoin which is used in ICO projects or bounties as rewards and bonuses to bounty participants and investors.

[ICOcrypto]

I'm a new member here,  please i want to know what is altcoin.

It just means altcoin beside bitcoin. So altcoin also can refers to ethereum which is the 2nd most popular coins and even tokens created under ethereum ecosystem can also be considered altcoin.

[Yellowish]

We know that bitcoins was the first coin aired as a crypto currency. Altcoin is an alternative coins that built with a strong members on society that can encourage more investors to join on altcoins. This digital money are also carrying a lots of legit bounty campaigns that can everybody will earn and enjoying the companion with all altcoiners.

[BestSSS]

The word "altcoin "is an abbreviation for" Bitcoin alternatives", and they are called all cryptocurrencies except bitcoin. Altcoins are called an alternative to bitcoin, as most altcoins hope to either replace bitcoin or improve at least one of the parameters of bitcoin.
There are hundreds of altcoins, for example, the site Coinmarketcap lists more than 1000 altcoins . Every day there are more and more altcoins. Most altcoins are not much more than just clones of bitcoin, while changing only 1-2 minor characteristics, such as the speed of the transaction of coins in the network, the method of distribution of coins, or mining algorithm. Most of these coins do not live for a long time. The only exception is Litecoin (Litecoin), due to the fact that it was created as one of the first altcoins. Compared to Bitcoin, litecoin has a different mining algorithm and a much larger number of coins. For this reason the litecoin established themselves as the silver to gold

[Arendra]

When viewed from its function, this altcoin is the same as bitcoin. Both coins can be used for investment or transactions. But both are different, this altcoin is a digital currency that comes after the success of bitcoin in the crypto world. Altcoin came to perfect bitcoin as its predecessor. In addition, this altcoin is very many types, including eth, ripple, neo, dash, stellar and others.

[Jetski]

For me Altcoins is composed of many coins like Ethereum, Litecoin, XMR and many more and this was created after the successful launch of bitcoin.

[Marby]

I'm a new member here,  please i want to know what is altcoin.

Altcoin is a coins/tokens that were/are created after the birth of bitcoin. All digital money are called  crypto currency for example bitcoin, ethereum, litecoin, ripple, bitcoincash and all that you can see in the all different exchanges.

Thank you for the explanation, this really helped us in a good way that we used to get more profit.

[bagas79]

Altcoin is an alternative coin which means coin other than bitcoin. The purpose of making this altcoin is to cover the weaknesses of bitcoin, namely the limited number of bitcoins that are circulating, therefore making an altcoin is made. Until now there are around hundreds or maybe even thousands of altcoins circulating in the market at varying prices.

[capt ronald]

I'm a new member here,  please i want to know what is altcoin.

In my own understanding Altcoins is composed of different coins available in the market today except for bitcoin.

[arifrey77]

I'm a new member here,  please i want to know what is altcoin.

In my own understanding Altcoins is composed of different coins available in the market today except for bitcoin.

Altcoin is almost the same as Bitcoin, that is, the price cannot be predicted to rise quickly, it can also go down very swiftly. The amount of Altcoin in circulation can also increase without anyone being able to control it. These factors make the future of Altcoin bright. Altcoin can also be an alternative for us to collect bitcoin, once collected we can exchange it for bitcoin.