Wow, another alt-coin. It looks like you put a lot of thought into this one. How is this one any better or even any different from all the others?
What does "Confirmations: 3" mean, anyway?
Any cryptocurrency that is not Bitcoin is considered an altcoin, (obviously) so yes. In regards to the difference, in current form there is little difference
between this currency and WorldCoin/FastCoin/tons-of-other alts. The issue with some of those coins is a soiled reputation in regards to things
such as a premine (notably in WDC). While I personally do not believe a small premine in and of itself makes a currency destined to fail,
it does soil the reputation and make its legitimacy more questionable.
Ultimately the reason this thread is here is for
you to state what differences should exist.
Anyways, the confirmation line is in regards to how many confirmations occur for a transaction to be considered complete. In the same sense as Bitcoin's network utilizes 6 confirmations.
I have little doubt you know this already though.