An altcoin – “alternative coin” – is any type of digital currency that is not Bitcoin. Since the launch of Bitcoin, the world’s first-ever digital currency, numerous altcoins (and supporting blockchains) have been created.

Altcoin digital currencies share many similarities to Bitcoin, but invariably also have important differences. There are nearly 10,000 altcoins, and this number is expected to grow substantially in the coming years.

Altcoins often improve on Bitcoin’s features. Ethereum, currently the most widely-used blockchain, supports digital contracts and decentralized applications where Bitcoin does not.

Altcoins are also usually created to cater to the preferences of different users. The Litecoin blockchain, for example, can process payments in a quarter of the time it takes Bitcoin.

Q: What is the meaning of Altcoin?

A: alternative coin, is any type of digital currency that is not Bitcoin

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