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Author Topic: What is altcoin?  (Read 148 times)
Ozkhan
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May 28, 2018, 06:37:17 AM
 #1

An altcoin is a common name for any digital Cryptocurrency similar to Bitcoin. The term is said to stand for “alternative to Bitcoin” and is used describe any Cryptocurrency that is not a Bitcoin.This approach is relatively easy to carry out because Bitcoin is a free, open-source platform.
Altcoins are the alternative Cryptocurrencies which were launched after the success of Bitcoin. Generally, they project themselves as better substitutes to Bitcoin. The success of Bitcoin as a digital currency has paved the way for many others to follow. There are varieties of altcoins in the digital marketplace.
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May 28, 2018, 07:07:24 AM
 #2

altcoin is just a shirt name for alternate coin. coins that are alternative to bitcoin
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May 28, 2018, 07:14:08 AM
 #3

Altkoins - the name of all crypto currency, except bitcoin. The first altcoyins appeared in 2011. Their goal was to overcome all the technical limitations that bitcoin has. At the beginning of December 2017, there are more than a thousand altcoys in the world.
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May 28, 2018, 08:14:09 AM
 #4

Their goal was to overcome all the technical limitations that bitcoin has. At the beginning of December 2017, there are more than a thousand altcoys in the world.
And now... it's more about just running an ICO to make scam a shitload of cryptocurrency out of people who are desperate for some of that 1000%+ ROI that some of the early crypto-currency adopters got. Undecided

AltCoin recipe:
1. Copy code of SomeCoin™
2. Rename coin via Find/Replace to NewCoin™
3. Run ICO - get sent ETH/BTC from loads of suckers (added bonus if you run scam bounty campaigns)
4. Profit (then run away)

 Angry

kumisarab
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May 28, 2018, 08:37:58 AM
 #5

This is an explanation thread about altcoin. Yes, maybe not quite clear. But, at least helpful Altcoin
Sorry, if this thread is in my local language (indonesia) you can translate it in google translate.
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May 28, 2018, 09:08:51 AM
 #6

In general, Altcoins bill themselves as a better alternative to Bitcoin, though to date none have surpassed Bitcoin. The term “altcoin” was created by the combing of the words alt, or alternative, and coin, signifying a cryptocurrency.
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May 28, 2018, 09:34:52 AM
 #7

altcoin is just a fancy name for any coins besides the grandfather Bitcoin.
neo444
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May 28, 2018, 11:09:23 AM
 #8

Altcoin is a combination of two words: alt and coin: alt signifying alternative and coin signifying (in essence) cryptocurrency These together they imply a category of cryptocurrency that is alternative to the digital currency Bitcoin

Andrei Belmega
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May 28, 2018, 11:42:52 AM
 #9

Hello!
An altcoin is simply the coins appeared after Bitcoin. In order to invest, you should do your own research.
Best of luck!

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May 28, 2018, 06:41:13 PM
 #10

Despite the disadvantages of altcoins, however, there is a new type more lazy than it: "Forks."
Since Bitcoin Cash "BCH" has occurred and the emergence of a large number of these currencies using the names of the famous coins to scam in a way to offend the cryptocurrency.

Generally, not all altcoins are bad. For example, currencies such as Havven, Monero, and ETH offer an alternative to using Bitcoin

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May 28, 2018, 07:43:08 PM
 #11

What is the reason of this topic? You reply to your own question.
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May 28, 2018, 08:40:15 PM
 #12

Altcoin is everything, what is not bitcoin  Wink
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May 29, 2018, 03:01:26 PM
 #13

Most alt coins branch from BTC software such as LTC, BCH and Dash while others, like ETH, create a brand new blockchain. On top of that, you have coins and tokens...
We have a guide that compares all three, so check it out  Smiley

http://bit.ly/CoinsVsTokens

Cheers!

Mintdice.com
Rexphyl
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May 29, 2018, 11:46:46 PM
 #14

An altcoin is any digital cryptocurrency similar to Bitcoin. ... This approach is relatively easy to carry out because Bitcoin is a free, open source platform. When an altcoin forks at the blockchain level, an alternate system of consensus rules must be used and the coin will have an entirely different distributed ledger
MaidaKalani
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May 30, 2018, 05:52:04 AM
 #15

What is AltCoin?
Before we will understand more about altcoin, we must know the extension of altcoin itself. The length of Altcoin is alternativecoin which means coin-coin other than bitcoin. The purpose of this altcoin is to cover the weakness of bitcoin is the limitation of the amount of bitcoin in circulation that is only about 22 million coins only, then altcoin was made. Until now there are about 150 altcoin on the market with varying prices, there are even altcoin prices that exceed the bitcoin price itself either 2x fold, 3x fold, even 10x fold. But a lot of altcoins are very small.
Altcoin almost the same as Bitcoin, the price can not be predicted to jump so quickly, can also go down very swiftly. The amount of Altcoin in circulation can also increase without anyone being able to control it. These factors make the Altcoin's future bright. Altcoin can also be an alternative for us to collect bitcoin, after collected we can exchange it with bitcoin

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mlgblockchain
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May 30, 2018, 06:40:45 AM
 #16

What is the reason of this topic? You reply to your own question.

I think that was not his question, that was his title of the thread. And he talked about Altcoins just to give the idea about it to some beginners. People does that a lot in a forum.
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May 30, 2018, 07:23:58 AM
 #17

Their goal was to overcome all the technical limitations that bitcoin has. At the beginning of December 2017, there are more than a thousand altcoys in the world.
And now... it's more about just running an ICO to make scam a shitload of cryptocurrency out of people who are desperate for some of that 1000%+ ROI that some of the early crypto-currency adopters got. Undecided

AltCoin recipe:
1. Copy code of SomeCoin™
2. Rename coin via Find/Replace to NewCoin™
3. Run ICO - get sent ETH/BTC from loads of suckers (added bonus if you run scam bounty campaigns)
4. Profit (then run away)

 Angry
You say really ? so how can we find the good bounties in forum? Please help me  Tongue
vanhuy
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May 30, 2018, 03:35:03 PM
 #18

Altcoin is the generic name for cryptocurrency other than Bitcoin. Most of the Altcoin are modified versions of Bitcoin. Altcoin was born after the success of Bitcoin in 2009.

In short, Altcoin is an alternative to Bitcoin because it improves and addresses the bugs in Bitcoin's protocol. This is the currency created for the purpose of replacing Bitcoin. The success of the Bitcoin P2P peer-to-peer digital network is the precursor to the creation of today's Altcoin.

Altcoin is a combination of two words: "Alt" and "coin". Alt à alternative, coin is a coin, or Altcoin means coin replacement and cover for all types of cryptocurrency today.
TheAndy500
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May 30, 2018, 07:20:59 PM
 #19

This are other coins than bitcoin, cause bitcoin was "like" a first one and other coins were made after it so that why we called them altcoins.


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May 30, 2018, 07:33:49 PM
 #20

DEFINITION of 'Altcoin'
Altcoins are the alternative cryptocurrencies launched after the success of Bitcoin. Generally, they project themselves as better substitutes to Bitcoin. The success of Bitcoin as the first peer-to-peer digital currency paved the way for many to follow. Many altcoins are trying to target any perceived limitations that Bitcoin has and come up with newer versions with competitive advantages. As the term 'altcoins' means all cryptocurrencies which are not Bitcoin, there are hundreds of altcoins.

If you want to know more, you can search on Google.i hope you will find the answer.
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