Can you explain what is altcoin?

[Parasjain123]

What is altcoin can you explain in steps ?

[Herbert2020]

What is altcoin can you explain in steps ?

altcoin is alternative coins or alternative crypto currencies.

they are supposed to be alternative to bitcoin, and they must have some new features that are useful. they should try other areas and bring on new technologies to crypto currency world. and many more features.

but all of these are only what they are supposed to do.

in reality, what happens is that altcoin means a copy pasted code, or even in some cases a poorly coded code with lots and lots of bugs which is only created to get pump and dumped and make a certain group of people richer.

[carlfebz2]

What is altcoin can you explain in steps ?

Altcoin are just alternative cryptocurrency  besides  to bitcoin, as other said   they are trully copying  the concept of   bitcoin but there are some alts  have some  development  or  other features  that bitcoin  dont have  but  still they cant really surpass bitcoin in  any way but still its  good to make  money with alts.

[legdunes]

An altcoin is a slap in the face of Bitcoin.

[fortunecrypto]

An altcoin is a slap in the face of Bitcoin.

I don't think so,they are meant to support Bitcoin,there is a saying imitation is the biggest compliment,only 2 or three coins has a threat to unseat Bitcoin but they are only a threat

[alnoor1231]

It's just an "Alternative" cryptocurrency. Literally any coin that isn't bitcoin is an "alt-coin"

[BitcoinHodler]

It's just an "Alternative" cryptocurrency. Literally any coin that isn't bitcoin is an "alt-coin"

this is correct. alt stands for alternative.

but what happens is that anybody who has some knowledge of programming (sometimes even minimal knowledge of a programming language) goes through the source code of others and choose one of them and then he will change a couple of lines and comes up with a new name that is sometimes not even worth calling "coin"

[sabbirshm]

I think this thread should be moved on "Beginner's & help".

Anyway,  Altcoin is a crypto related coin which has been started after bitcoin get succeeded. Its like sons of bitcoin. They always consider as a alternative coin and they project themselves as if they are better than bitcoin.

[Shiroslullaby]

Any crypto coin besides Bitcoin.
Ethereum, Monero, Litecoin etc are the popular alt-coins,
then you have the hundreds of shitcoins that are mined, pumped and dumped on exchanges in some Ponzi schemes to defraud newbies of their Bitcoin.

[Spoetnik]

I love this topic  
It corners all you bullshitting little frauds pushing ICO "scheme" coins

I seen a million guys say here Ethereum for example is not a currency ..and it's not !
And what does Altcoin mean ? uhhh ROFL

You idiots are trapped in your own retarded scammy greed ass bullshit by the OP .. and i love it.
Squirm profiteers  

..just because you trade it for profit on Poloniex does NOT make it a currency retards 

[crairezx20]

Thats why they are calling it altcoin because its alternative for bitcoins we can not change that since the first held are bitcoin after that altcoin are release.. like litecoins dogecoin monero. check coinmarketcap here https://coinmarketcap.com/
You can see almost all altcoin there topone is btc..

[ayesha sadiqa]

yes i think other coins beside Bitcoins are know as alt coins, as they are the copies of bitcoin, or we can say that the concept of all other coins arise after bitcoin and therefore they are know as alt coins.

[EnacDomains]

easy answer is any coin other than bitcoin.  alt = alternate

[PacePay]

The developers want their own currency to be successful like bitcoin and they want to have the control on the economy just like have bitcoin so they create their own cryptocurrency.

[th3nolo]

every cryptocurrency that have been launched after bitcoin, and if you search some popular altcoins like litecoin you will found the same definition.
ok but these altcoins have diferent features and purposes like dash, monero and the most popular eth.

[john2231]

every cryptocurrency that have been launched after bitcoin, and if you search some popular altcoins like litecoin you will found the same definition.
ok but these altcoins have diferent features and purposes like dash, monero and the most popular eth.

I think almost late reply here are repeating the answers. almost next to bitcoins are altcoin those are have more advantage in bitcoin security or speed for every transaction but they are late because bitcoin is the first succeed cryptocurrency online. also bitcoin is growing and more stores online are accepting bitcoin just like brazil that has many stores locally that can accept bitcoin as payment..

[Untitled87]

every cryptocurrency that have been launched after bitcoin, and if you search some popular altcoins like litecoin you will found the same definition.
ok but these altcoins have diferent features and purposes like dash, monero and the most popular eth.

basically that just means alternative = alt so any coin that not bitcoin

[Spoetnik]

Hey Fraudders here is some basic logic for you.

Bitcoin is a currency right ?
So....
What is an alternative to a currency ?

ANOTHER CURRENCY.

Pro Tip:
--> Google --> "Define: Alternative"
--> Google --> "Define: Currency"

Yup.

Hate to burst your little profiteer shitcoin scam scene bubble here but you are all full of shit.
You are trying to move the goal post and say that ANYTHING can be an Altcoin when it CAN NOT.
The term Altcoin is not all encompassing of anything traded at Poloniex kidiot Investards.

This is the exact type of topic i would post myself and you all would hide under your bed and it would get no replies and be on page 10 in an hour so i love that the OP played dumb and lured you dumb fucks into replying.. taking turns stuffing your greedy little feet in your mouth  

Consider your ass's raped by reality truth and logic.

Common sense is a bitch huh ? 

And.. in case anyone is curious ?
I have never logged into another account here and i never will.
So this topic creator is NOT me.

[blackhawk101]

There is the mighty US Dollar and then there are other little the alt-dollars, traded on Forex exchanges all over the place.

[wintermeasures]

What is altcoin can you explain in steps ?

Altcoin is a Digital Crypto Currency Like Bitcoin Which Can Be Bought And Sold and Also Can Be Traded On Many Trading Websites And Also We Can Make Profit By Buying Them at Low Prices and Selling Them at High Prices.....