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Altcoin stands for “alternative to Bitcoin” and is used to describe any cryptocurrency that is not a Bitcoin.
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What is Altcoin? Altcoin describes any cryptocurrency that is alternative to bitcoin.
Name Of Some Altcoins Ethereum Litecoin Ripple Dash NEM Monero Zcash PIVX
Why do they exist? To have lower fees To improve speed of transaction To tackle technical issues while using Bitcoin.
Facts About Altcoins Altcoin is less expensive. It can even be mined by beginners with CPU. Many altcoins use the SHA-256 hashing algorithm. Altcoins can be a profitable investment as you can invest very small amounts of money in a wide-reaching portfolio.
Applications Of Altcoins Financial Transactions Data Storage Healthcare Computations Communications
Advantages Of Trading Altcoins Altcoins Help Resolve Daily Issues. Individual Control Over Earnings. Universally-Accessible 24/7. Complete Anonymity & Protection of Personal Data. Turning Mobile Payments into a Trend.