$BTC $XRP $BNB Alternative currencies can be defined as any cryptocurrency other than Bitcoin (BTC). The name 'altcoin' comes from the fact that Bitcoin is the original cryptocurrency, and all other currencies are considered altcoins. Some people believe that altcoins are all cryptocurrencies other than Bitcoin (BTC) or Ethereum (ETH), as many cryptocurrencies are created to be similar to these two digital currencies.

Many of these altcoins have been created from Bitcoin modifications through a process called hard fork. BTC is the 'gold standard' of cryptocurrencies and has revolutionized finance. Due to its multiple properties, it has created the most stable balance among cryptocurrencies based on blockchain technology. To address the technical and practical issues facing Bitcoin, alternative digital currencies were created. CAPEX.com

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Altcoin

12 minutes

September 26, 2023

While Bitcoin is the most famous digital currency, many altcoins have emerged in recent years.

Table of Contents

The first altcoin was launched more than 10 years ago, and now there are thousands of them. Altcoins aim to offer better features than Bitcoin, such as transaction speed or energy efficiency. Modern altcoins serve a variety of purposes depending on the developers' goals.

There is a lot you need to know before you start investing. If you want to invest in altcoins the right way, here’s a quick guide that can help you understand alternative cryptocurrencies.

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