Tag: altcoin

Altcoin (alternative coin) is a term used to describe all cryptocurrencies except bitcoins. Their name comes from the fact that they are an alternative to bitcoin and traditional fiat money.

The first altcoins were launched in 2011, and today there are already thousands of them. Early altcoins were aimed at improving aspects of Bitcoin such as transaction speed or energy efficiency. More recent altcoins serve different purposes depending on the goals of the developers.