CHAPTER ONE
Main Crypto and Alt Coins
Cryptocurrency is an Internet exchange medium which uses financial
transactions with cryptographic functions. To order to achieve
decentralization, transparency, and immutability, cryptocurrencies use
technology blockchain. A cryptocurrency is of utmost importance because
the central agency is not in charge; cryptocurrencies are the decentralized
essence of the blockchain.
What are Altcoins?
Altcoins are the other cryptocurrencies which launched after the success of
Bitcoin, usually operating as stronger Bitcoin alternatives. The word
'altcoin' is a combination of alternative and coin and applies to
cryptocurrencies other than Bitcoin. Some estimates have shown over
5,000 cryptocurrencies by the beginning of 2020. As the first peer-to-peer
digital currency, Bitcoin's success has paved the way; most altcoins are
trying to target the perceived reaches of Bitcoin. An altcoin must have a
competitive advantage against Bitcoin, but many of these altcoins depend
upon its basic framework. Therefore, most altcoins are peers that try to
make Internet transactions secure and inexpensive. Even with many similar
features, altcoins vary widely.
Types of Altcoins
As altcoins evolved, various categories emerged. Some major types of
altcoins include mining-oriented cryptocurrencies, secure coins, tokens for
English
Russian
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Arabic
Romaian
Greek
