Tag: Altcoins

Altcoins, short for alternative cryptocurrencies, are digital currencies other than Bitcoin. They were coined as such because they present themselves as improved or alternative versions of Bitcoin. Bitcoin, being the first and pioneering cryptocurrency, ushered in the era of digital currencies based on cryptographic proof instead of trust, changing the landscape of modern economics. However, Bitcoin’s success also highlighted some of its drawbacks, paving the way for the creation of Altcoins.