Welcome Halidma, Altcoin refers to any cryptocurrency other than Bitcoin. As every body know that bitcoin was the first cryptocurrency and remains the most well known and valuable coin. After success among crypto community the idea was generate to launch other coin and thousands of alternative cryptocurrencies have been created since its inception. Each of these alternative coins operates on its own technology and working on various purposes.
Altcoins can include a wide range of digital currencies, such as Ethereum, Ripple, Litecoin, and many others launching daily. They differentiate themselves from Bitcoin by offering unique features, functionalities, or use cases. Some altcoins are designed to improve upon certain aspects of Bitcoin, like transaction speed(Litecoin ,Tron ) or privacy(monero and other privacy coins)while others may have entirely different purposes, such as supporting DApps, AI and gaming based tokens.
altcoins provide alternatives to Bitcoin where each token with its own set of characteristics and goals, contributing to the cryptocurrency ecosystem.