What are Altcoins How do they work
Altcoins, blockchain, cryptocurrency
Altcoins are nothing but an alternative to Bitcoins. The term “altcoin” was coined as an abbreviation for “alternative coin”. Altcoins are also cryptocurrencies that are underpinned by decentralized blockchain technology that facilitates peer-to-peer global transactions. Altcoins first emerged as an idea to modify the rules of Bitcoin a tad bit to make it more appealing to different users. Some of the most popular altcoins are Ripple, Litecoin, Tether, etc. In simple terms, every other cryptocurrency other than Bitcoin comes under altcoins.