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Author Topic: What is altcoin?  (Read 149 times)
Elyenlayna
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June 01, 2018, 07:01:33 AM
 #21

An Altcoin to my understanding is any other coin that isn't Bitcoin, so every coin that came after like Ethereum or Tron would be considered an Altcoin. So in simplified terms it is any Alternate Cryptocurrency to Bitcoin. Most of these Altcoins rely heavily on the trade value of their predecessor Bitcoin.
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Nataly76
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June 01, 2018, 09:53:23 AM
 #22

Any AltCoin is a cryptocurrency, except for great bitcoin.  Bitcoin as the primary source (ancestor), and everything else that appeared later combine under the General term of Alton. Sometimes it is convenient, because you do not need to list all these names, but you can say in one word.
nahotachikwem
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June 01, 2018, 12:05:45 PM
 #23

alt coin means any alternative of cryptocurrency to bitcoin.  Any digital cryptocurrency similar to Bitcoin. Example are litecoin, Ripple etc.

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JostikSSS
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June 03, 2018, 10:19:46 AM
 #24

Even if you do not understand what Altcoins are, you are probably familiar with Bitcoin'om. Once you begin to explore the cryptocurrency market deeper, you will be surprised to learn that there are actually hundreds of cryptocurrencies, better known as Altcoins (an alternative to Bitcoin). Altcoins are an integral part of the cryptocurrency world, but they are not for everyone. Beginners often have a huge number of questions about altcoins, and this guide is a brief overview of altcoins that will help beginners decide whether to invest in altcoins and use them as part of a cryptocurrency investment portfolio.
The word “Aldon” is short for “Bitcoin alternative”, and they called all cryptocurrency except for bitcoin. Altcoins are called an alternative to bitcoin, as most altcoins hope to either replace bitcoin or improve at least one of the bitcoin parameters.
There are hundreds of altcoins, for example, the Coinmarketcap website lists more than 1000 altcoins . Every day there are more and more altcoins. Most altcoins are not much more than just bitcoin clones, while changing only 1-2 minor characteristics, such as the speed of the transaction of coins in the network, the method of coin distribution, or mining algorithm. Most of these coins do not live long. The only exception is litecoin, because It was created as one of the first altcoins. Compared to Bitcoin, litecoin has a different mining algorithm and a much larger number of coins. For this reason the litecoin established themselves as the silver to gold “out bitcoins s”.
Sergio444
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June 03, 2018, 02:02:00 PM
 #25

Alternative coin to bitcoin kind of looks discriminatory. Giving a priority name to bitcoin and categorizing others as a whole makes it sounds weird. Anyway, bitcoin is the first coin, the most valuable, and the coin with the highest market capitalization, so there is no doubt to that. Very soon a potential altcoin will overthrow bitcoin Grin
Get_Rich
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June 03, 2018, 04:23:43 PM
 #26

Altcoin is alternative coin 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.
Yudi96
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June 06, 2018, 06:48:55 AM
 #27

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.
quesi_job
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June 06, 2018, 07:08:49 AM
 #28

As the name goes.. Coins that are bitcoin alternatives. Eg. Dash, etherium, bitcoin cash, DGB etc
E-Verify
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June 18, 2018, 04:01:49 AM
 #29

https://whatis.techtarget.com/definition/altcoin
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June 18, 2018, 09:40:20 AM
 #30

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.
Leoxina
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June 18, 2018, 09:43:39 AM
 #31

Altcoin is all the alternative coin besides Bitcoin.
chulos
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June 18, 2018, 11:57:22 AM
 #32

Altcoin is cryptocurrency other than Bitcoin, also based on cryptography and blockchain. These altcoins were created after Bitcoin. The best known are LTC, ETH, Dash and the like. There are also tokens.
Tokens do not have their own network and usually "lie" to different Blockchain cryptocurrency. They work by so-called smart contracts on another platform.
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June 19, 2018, 10:51:00 AM
 #33

Altcoins are coins whose technology is different from bitcoin. They are different and some altcoins deserve attention and respect.

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