Tag: altcoin

Altcoin is any cryptocurrency that appeared after Bitcoin. The term comes from an abbreviation of the words bitcoin and alternative coin.

As you know, bitcoin was the first cryptocurrency. Its success “opened the way” to other digital currencies, the number of which, at the moment, reaches 500 varieties. Each new variation of the cryptocurrency tries to be more convenient and cheaper for the user, thus gaining more popularity than the previous ones. A key aspect of the emergence of so many new altcoins is the lack of centralized regulation. In fact, decentralization and blockchain technology allows you to create an unlimited number of more and more new cryptocurrencies. Of course, this does not guarantee that all of them will receive their share of attention in the market and generally last for any long time.