What is an altcoin?

"Altcoin" refers to any type of cryptocurrency other than Bitcoin. — Meghan DeMatteo Ethereum's surge has triggered wider interest in the altcoin universe from retail investors with cash to burn … — Postmedia Breaking News … major cryptocurrency projects like Bitcoin and Ethereum, and smaller altcoins … — benzinga.com “Altcoin.”

What makes altcoins different from bitcoin?

Most altcoins are designed and released by developers who have a different vision or use for their tokens or cryptocurrency. Learn more about altcoins and what makes them different from Bitcoin. The term altcoin refers to all cryptocurrencies other than Bitcoin (and for some people, Ethereum). There are tens of thousands of altcoins on the market.

What is Litecoin and how does it work?

Litecoin Otherwise known as “the silver to Bitcoin’s gold” due to their similar functions, Litecoin was launched in 2011 with the intention of being a global digital payments system. Much like any online payment system-from PayPal to a bank transfer-users transfer litecoin to one another when making payments.

What is an example of a mining-based altcoin?

An example of a mining-based altcoin is Ethereum - more on that below. Security tokens are a form of investment contract, which promises the consumer equity in a company, profit sharing, or even voting rights, to name a few examples.