{"id":1483,"date":"2023-01-24T09:30:21","date_gmt":"2023-01-24T08:30:21","guid":{"rendered":"https:\/\/cryptandco.com\/?p=1483"},"modified":"2023-01-20T10:29:05","modified_gmt":"2023-01-20T09:29:05","slug":"what-are-altcoins","status":"publish","type":"post","link":"https:\/\/cryptandco.com\/en\/cosa-sono-le-altcoin\/","title":{"rendered":"What are altcoins?"},"content":{"rendered":"
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It all started in 2008 with the introduction of Bitcoins. The phenomenon of cryptocurrencies in recent years has never stopped and has seen, alongside the most famous virtual currency on a planetary level, the birth of many others, commonly called altcoins. In this article we tell you more about what they are and how they work.<\/p>\n

Altcoin: definition<\/b><\/h2>\n

Understand when it comes to Altcoin <\/b>what they are is not difficult. In fact, the term refers to All cryptocurrencies with the exception of Bitcoin<\/b>. From the point of view etymological <\/b>consists of alt (alternative) and coin (coin), indicating all coins that are alternatives to Bitcoin.<\/p>\n

It is used from the 2011 <\/b>following the launch of a specific cryptocurrency: Namecoin<\/b>. Its extension to all other cryptocurrencies different from the one born from the project behind which the ever-mysterious Satoshi <\/b>Nakamoto (the creator of bitcoin, a name that sees a pseudonym never explicitly clarified) happened naturally.<\/p>\n

Differences between altcoin<\/b><\/h2>\n

Do you know how many Altcoins present in circulation?<\/b> Almost or about 10.000<\/b>. A number that is experiencing steady growth and has within it multiple different currencies with specific and even competing peculiarities.<\/p>\n

They still have a one common goal<\/b>: that of making sure they surpass, both on their own and in their entirety, the fame and success Bitcoin has acquired over the years. The reason is simple: there are major financial and capital movements at stake.<\/p>\n

How do they accomplish this? By optimizing and innovating what are the flaws and shortcomings of Bitcoins, something that is not difficult, the cryptocurrency world being newly introduced and in constant innovation given its inclusion in the Digital Revolution. In fact, altcoins are a necessary and even viable alternative to Bitcoins: many exhibit significantly superior performance<\/b>. None has been able, however, to reach the first place in the market.<\/p>\n

We have proposed to you for altcoins a definition. But what does their acquisition enable?<\/b> Many things, from achieving savings to accessing interesting services, virtual but also offline.<\/p>\n

Another question that comes up is which Altcoins are the most interesting and valuable for achieving the benefits of this new alternative financial system. We illustrate this in the next section.<\/p>\n

Most important altcoins<\/b><\/h2>\n

Altcoins are indeed many. The most well-known and established ones are as follows:<\/p>\n