What does altcoin mean?
The term “altcoin” is shorthand for “alternative coins” and simply means cryptocurrencies other than Bitcoin. After Bitcoin, the nine most popular cryptocurrencies are as follows: Ethereum. XRP. Tether.
What is the difference between Crypto and altcoin?
Altcoins are generally defined as all cryptocurrencies other than Bitcoin (BTC). However, some people consider altcoins to be all crytocurrencies other than Bitcoin and Ethereum (ETH) because most cryptocurrencies are forked from one of the two.
What are altcoins vs Bitcoin?
Bitcoin appeared as the first cryptocurrency in 2009. As the “original” crypto, all other coins and tokens are referred to as alternative coins or altcoins. Some in the cryptocurrency community include Ethereum in the original coins, calling all others but Bitcoin and Ethereum altcoins.
What makes a coin an altcoin?
An Altcoin is an alternative digital currency to Bitcoin. The word Altcoin is a portmanteau of “alternative” and “coin”, to form “altcoin”. It actually refers to a group of cryptocurrencies, ultimately all the cryptocurrencies other than Bitcoin.
What is the best alt coin?
Ethereum (ETH) – Overall Best Altcoin to buy in 2022
Ethereum is arguably the best altcoin to buy today, largely because of its massive upside potential. It currently is the largest smart contract platform and is also home to the greatest selection of DeFi, dApps, metaverse, and Web3 projects.