Altcoin
Altcoin is a general term describing digital currencies other than Bitcoin in the crypto market.
Altcoin is a term that refers to all digital currencies other than Bitcoin in the cryptocurrency market. Besides Bitcoin, there are many alternative cryptocurrencies that have emerged on the market and have similar or different features. These altcoins; They can have various features such as different use cases, technological innovations, levels of centralization and mining algorithms. For example, Ethereum provides a platform for smart contracts and decentralized applications (DApps), while Ripple offers a network for interbank payment transfers. While Litecoin stands out as an alternative with faster transaction confirmations, Cardano aims to offer a more secure and scalable blockchain protocol. Altcoins often gain or lose value based on Bitcoin s price movements, but are also considered and traded due to their unique characteristics and use cases.
