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What is an Altcoin?

What is an Altcoin?
Altcoins are alternative currencies to bitcoin.

Bitcoin was the first cryptocurrency on the market and it was very successful, so several companies and entrepreneurs started to create new coins for the cryptocurrency market.

These alternative currencies solve problems that bitcoin is not able to solve, many people consider that bitcoin has become a store of value currency, while altcoins are more technologically diversified and in their purposes.

The best known alternative cryptocurrencies are Ethereum, XRP, Litecoin, Cardano and Dogecoin.

26/01/2023
 Ontorus Editorial
Posted by: Ontorus Editorial
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