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Author Topic: What is altcoin  (Read 477 times)
BrianBrianBrian
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April 17, 2018, 05:12:56 AM
 #61

Altcoin is alternate coin.
Describe in one word? The word I choose is babies!
They're like bitcoin's babies  Grin
That roam the cryptocurrency world to help startup businesses.
Usually they're self proclaimed as a better substitute to bitcoin, since they look up to their daddy which is bitcoin.
They were like followers who follow the steps of their father.

Really hard to explain altcoin incorporated in a word I chose. But that is what you're looking for, so I hope you have fun reading this.  Grin

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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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April 17, 2018, 05:25:40 AM
Last edit: April 17, 2018, 06:19:09 AM by usekevin
 #62

Describe altcoin in one word and why chose that word

Bitcoin is the first created decentralised digital currency. The coins after the bitcoin is called altcoin. Now the most popular and potential altcoin is Ethereum, litecoin and Monero. As compared to bitcoin, the potential of altcoin will be low always.Altcoin is also the cryptocurrency as like the bitcoin.You can buy altcoin at cheap price than bitcoin.
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April 17, 2018, 06:32:06 AM
 #63

Describe altcoin in one word and why chose that word
extraordinary. because what I see Altcoin is a new coin that has a pretty good development. and I see the development is quite rapid, so I think Altcoin is extraordinary.

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April 17, 2018, 07:44:24 AM
 #64

altcoin is another term for criptocurrensy other than bitcoin, and the purpose of making altcoin is to cover the weakness of bitcoin that has limited amounts of bitcoin, altcoin is also an alternative for us to collect bitcoin, and altcoin is the next in the list of cripto blockchain in the dunuia market.
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April 17, 2018, 07:46:25 AM
 #65

Describe altcoin in one word and why chose that word

Altcoin in one word, i would say ETHEREUM.  Because it's the first alternative coin after Bitcoin and it's the mother of all other Altcoins and has proven to be less volatile than other Altcoins.
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April 17, 2018, 07:48:08 AM
 #66

Altcoins are the alternative cryptocurrencies and bitcoin is related to altcoin not only bitcoin but other token too.
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April 17, 2018, 07:48:16 AM
 #67

Describe altcoin in one word and why chose that word
The word “altcoin” is an abbreviation of “Bitcoin alternative,” and thus describes every single cryptocurrency except for Bitcoin. Altcoins are referred to as Bitcoin alternatives because, at least to some extent, most altcoins hope to either replace or improve upon at least one Bitcoin component.
source : https://www.ccn.com/altcoin/

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April 17, 2018, 07:49:05 AM
 #68

Because it comes from the words: alternative cryptocurrency. Many of them have the same features: blockchain, decentralization, proo of work/stake and so on.

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April 17, 2018, 07:52:58 AM
 #69

The term “altcoin” describes any cryptocurrency alternative to Bitcoin. For example, Ripple, Litecoin, and Ethereum are all technically “altcoins. Altcoins are typically riskier than Bitcoin. Their exchange rates are often more volatile, and over the years virtually no altcoins have maintained their value against bitcoin; most have come and gone. On top of that, many altcoins can be considered outright scams, mainly created to enrich its inventors and early adopters.
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April 19, 2018, 08:46:47 AM
 #70

Describe altcoin in one word and why chose that word

altcoin is a good concurrency and can invest in long-term such as bitcoin and Ethereum which now have good popularity and have a big market and if bitcoin without altcoin what will happen to the fore because altcoin and bitcoin need each other
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April 21, 2018, 06:05:53 PM
 #71

Group of coins of digital crypto currencies has been named as Altcoin. It is made of two words alternative +coin (alt+coin). The coins which are in alternative of bitcoin, people give it the status of Altcoin.
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April 23, 2018, 07:12:57 AM
 #72

Describe altcoin in one word and why chose that word

Altcoin is the first cryptocurrency created in the world and the world's first created virtual currency is bitcoin and so bitcoin is a currency that is known by the rest of the world and bitcoin is also very promising and so far bitcoin is in great interest by many people and with bitcoin we can invest in long-term to get profit ,,

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April 23, 2018, 07:24:05 AM
 #73

Describe altcoin in one word and why chose that word
generation. because I see Altcoin is a generation of Bitcoin. During this Altcoin continue to support the development of the Bitcoin. so the Altcoin progress and growing.

 
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April 23, 2018, 07:26:24 AM
 #74

Describe altcoin in one word and why chose that word


Because ETH coins have a good popularity and can survive for the future, so many people are buying Ethereum and have a desire to invest in the long term to get the advantage especially Ethereum has the largest platform
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April 24, 2018, 03:55:09 AM
 #75

Altcoins in full means the alternative bitcoins. It can actually be explained as any crypto currency that is similar to bitcoin. After bitcoin was created and after a few years appreciated and made waves and even made the holders very rich, since then thousands of other similar crypto currency have been developed which we now call the altcoins. Many altcoins are trying to find out any perceived limitations that bitcoin already has and come up with a newer and better version with a competitive advantage.  Only a few altcoins will get it right in the end.
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