What are altcoins?

What are altcoins?

In the context of cryptocurrencies, altcoins are alternative coins to Bitcoin. While Bitcoin is the first and most well-known cryptocurrency, there are many other cryptocurrencies that have been developed since then. These altcoins offer different features and functions than Bitcoin, and are often developed with different goals in mind. Some popular altcoins include Ethereum, Litecoin, and Monero. Each of these altcoins has its own unique features and benefits. For example, Ethereum is a popular platform for developing decentralized applications, while Litecoin is known for its faster transaction times. Investors often diversify their portfolios by investing in a variety of different cryptocurrencies, including both Bitcoin and altcoins. This can help to hedge against risk and ensure that they are able to take advantage of the unique benefits offered by each coin.