altcoins

Altcoins are cryptocurrencies other than Bitcoin. The term "altcoin" combines "alternative" and "coin," highlighting that these digital currencies aim to offer alternatives to Bitcoin's functionalities and features. They can serve various purposes, such as improving transaction speed, enhancing privacy, or enabling specific applications like smart contracts. Some popular altcoins include Ethereum, Litecoin, and Ripple. While many altcoins strive to innovate, their value can be highly volatile, and they vary significantly in terms of technology, security, and market adoption. Understanding altcoins requires careful research and consideration of their use cases and potential risks.