05/02/2022
𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐀𝐥𝐭𝐜𝐨𝐢𝐧𝐬?
Altcoins are digital currencies that are not regulated by any government or central bank. They have similar features to coins that are in existence today, but with a few differences. The first difference is that no one owns them; they exist on their own blockchain and there is no need for a distribution of coins. They also differ from fiat currencies because they have no intrinsic value and aren't backed by anything like gold.
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Altcoins can be defined as any cryptocurrency that does not use Bitcoin's blockchain technology as its foundation....
