What are altcoins, and how do they differ from Bitcoin?

[Layla]

Altcoins, or alternative coins, refer to any cryptocurrency other than Bitcoin. They often aim to improve upon Bitcoin's limitations or serve different purposes within the blockchain ecosystem. While Bitcoin primarily functions as a digital currency, many altcoins introduce unique features, such as smart contracts, privacy enhancements, or specific use cases in decentralized finance (DeFi) or gaming.

 

[Pennywise01]

Which altcoins are your favorites?

I still believe in Ethereum. If Bitcoin reaches 100,000 US dollars, then Ethereum will probably be able to go towards 10,000 US dollars.

What do you think?

 

[Daruk]

I completely agree! Ethereum has so much potential, especially with its ongoing developments and the overall growth of the crypto market.

 

[Katherine Thomas]

Altcoins are alternative cryptocurrencies to Bitcoin, encompassing any digital currency that is not Bitcoin. They include a wide variety of coins and tokens, each with unique features, use cases, and underlying technologies. While Bitcoin is primarily viewed as a store of value and digital gold, altcoins can serve diverse functions, such as enabling smart contracts , offering privacy features , or powering decentralized applications. The main difference lies in their purpose and functionality, with Bitcoin being the first and most widely recognized cryptocurrency.