What is an altcoin?
Altcoin is any cryptocurrency other than Bitcoin. The term "altcoin" appeared in 2011, when new cryptocurrencies began to appear on the market, alternative to bitcoin. How do altcoins work? Like bitcoin, altcoins use blockchain technology to ensure the security of transactions and control the creation of new units of cryptocurrency. However, each altcoin has its own unique features, such as transaction speed, commission size, consensus algorithm, etc. Examples of successful altcoins: