Topic: I'm new here,what is altcoin (Read 557 times)

Altcoin is any other coin founded after Bitcoin, e.g Eth, Bnb, XLM, EOS etc. You can learn more about cryptocurrency coins by reading more about all the top coins online, and how blockchain works generally. YouTube videos can also help.

I know a lot of people have already answered but I would try and explain in as simple language as possible so that anyone who is new can understand why alt coins are made and how they differ from BTC. So, basically altcoins or alternate coins are just like you compare 2 e-commerce platforms and they both offer different benefits. There is no actual reason why we need a altcoin when we have bitcoins but having more coins make the market more competitive and liquid.

A lot of coins are being created because anyone can develop their coins and there is minimal investment to make a coin but big efforts are needed if you are actually serious about the project as a whole.

That's true and no one is violent towards anyone in the forum it is just that so many threads of the same type are created that people get mad and feel frustrated but then this is a open forum and you are welcome to ask questions and express your opinions.

As far as I know, BTC has its own technology platform and it is considered the market's first coin and also the highest value coin. That's why people call it Bitcoin with respect. for altcoins, it also has its own technology platform and can be fully upgraded at will, while bitcoin does not. That's the difference between alts and bitcoin. if i misunderstand someone could explain it to me, thanks.

BTC and ETH are two coins that have good prospects for long-term investment, one of the differences between the two is that ETH is still following the price movements of BTC.

I am reading so many comments about alt coins and all of them are almost similar which makes me feel so strange, I mean the OP has never replied to any of the posts at all and if he was genuinely interested he would have asked some further questions or at least appreciated the answers. This looks like someone creates a thread for others to post and have no actual interest of knowing something.

Please guys before you answer to the same question read a few replies and if someone has already answered what you are going to post, just avoid posting it completely please.

Anyone who wants to know what is alt coins and why do they exist can actually google and see a few videos rather than asking here, I am not being violent but stating facts as they are.

it's easy to get to know Altcoin, altcoin is a coin other than Bitcoin, like Ethereum, BNB, XRP, XMR etc.,
but there is also a for Shitcoin, I didn't mention it because it might be a fud  

It has existed since 2014 or 2015 in my memory. Ever since I knew this market, altcoins have existed. As long as they are not bitcoin, they will definitely be called altcoins

The term "altcoin" existed way back in 2016 too. Just the way people refer to any crypto that wasn't Bitcoin at that time. Now, I think the term is very loose as some people like to use it with any crypto that wasn't ETH or crypto in the top.

I do not understand why you are creating content with such a question title when you can research about this topic. Anyway, if I need to answer your question, I can briefly explain it as follows. Bitcoin is the first cryptocurrency created and has become the ancestor of cryptocurrencies. All cryptocurrencies or tokens except Bitcoin are considered as "Altcoin" because they are Bitcoin alternatives.

Alt = Alternative. Coin = Currency. so that means an alternative currency. Alternative Vs. Main. Primary = BTC and the alternatives are those other than BTC, as you mentioned that ETH is altcoin. so for altcoin the number is not limited very much. there are those that sell well in the market and those that don't sell. so be that the terms scam, shit coin, Airdrop, Ico, IEO, and other terms appear thanks to altcoin.
 You can learn some information from the subforum https://bitcointalk.org/index.php?board=39.0

Altcoins are the cryptocurrencies besides Bitcoin, this is considered as an alternative coin. They are likely ETH, BCH, Ripple, and many others. You can check on the Coin market Cap, coincap, COingecko, and many other trackers to know what other altcoins to find out. You will also find the lists of the altcoins on the exchanges. Exchanges are likely Binance, Kraken, Kucoin, Indodax, and others. In altcoins, you will also find the difference of "coin" and also "token". You should get more sources to be read. Are you willing to read? You can browse and use search feature on Google and you will find anything you search for.

One to remember is that in the crypto world, please remove the thought that "you will be rich easily". This may happen in some years ago. but for now, it should be considered about the chance, leading to the risks or profits that will be gained. Never also heard about the hype and also moreover follow the hype. Better to check and recheck about the progress of the crypto wisely, not only following and buying coins based on hype.


In this crypto world, you must also decide what will be you are. You may be only an investor, trader, bounty hunter, and also other positions. Whatever your position, you must learn more about it. learning by doing is also good enough to make you know exactly what happen in this crypto world.

Great explanation, but l think there is a lot of information, which from he can learn about that so easily. That is why it is not simple to teach somebody about altcoins or something. In my humble estimation, it would be great, when he makes his own research about that on Google and also there are a lot of youtube videos. To learn something is not harder than in the past, anyone can learn what they want.

The term Altcoin refers to all cryptocurrencies other than Bitcoin. They are sold as an alternative to Bitcoin. Altcoins are the other cryptocurrencies lunched after the success of Bitcoin. Altcoins are a virtual currency, Which works according to its rules.

Anything aside from Bitcoin, OP.
That's why they're called "alt" in prefix for a reason.

From how influential it is depends on the altcoin as each altcoins have their own specialty such as ETH being used to make smart contract platforms.
Start with Bitcoin first and decide what alts do you want to buy.

Just a brief explanation. Altcoin is basically 2nd to BTC. Alltcoins or also known as "Alts" are those coins that are in the market that isn't bitcoin. Like ETH, BNB, XRP etc. It's almost like stocks if you look at it.

Bitcoin, Ethereum and Altcoin are all called cryptocurrency. Bitcoin is the first ever cryptocurrency made in the history of blockchain technology after bitcoin was made, there were lots of cryptocurrency developed like ethereum, bitcoin cash, ripple and many more. All of cryptocurrency excluding bitcoin are called altcoin for short which means alternative cryptocurrency.

Both are cryptocurrency but have different tiers. In terms of influence, let me explain. Bitcoin is the king, altcoins is the servants. When Bitcoin makes a move, altcoins will follow it. While if an altcoin makes a move, it will barely have an influence over Bitcoin. But if a lot of altcoins made a move, it will have a greater effect on Bitcoin.

Ethereum falls under altcoin.


To be fair, he did not say that he is into crypto since 2016, he only said that he heard Bitcoin and ETH since 2016. Though google might have been an easier way, maybe he wants the interaction of the members here? I don't know why he asked just now when his first post was June 10, 2020.

You are in crypto since 2016 and don't know what's altcoin 

I'm not acting 'violently' as you say, i just find question stupid plus a simple Google search will give you the answer.

Simply Altcoin is a coin (crypto) other than bitcoin. Now many new altcoins are emerging through the ICO, ITO and IEO programs.

Nope, not many. I would only outline Centric. The solution is coming with 2 tokens. The first token, Centric Rise, is the network's transactional currency - it steadily increases in price hourly in accordance with immutable price blocks set publicly one year in advance. The second token, Centric Cash, is pegged to the first and will freely trade on major cryptocurrency exchanges. And I definitely recommend you to Google them to have a better understanding on what solution stays for