Snowy
Member
Altcoins are cryptocurrencies that emerged as alternatives to Bitcoin, offering new features and improvements over the original digital currency. They represent a wide variety of projects, each with unique goals, such as faster transaction speeds, enhanced security, or specialized use cases like decentralized finance (DeFi) and smart contracts. The significance of altcoins lies in their ability to foster innovation within the blockchain space. They provide investors and users with diverse options beyond Bitcoin, allowing for more experimentation and development of new technologies in the digital economy.