Altcoin in the cryptocurrency industry refers to any cryptocurrency other than Bitcoin. Altcoins are alternative digital currencies that have been created to address specific problems or provide unique features and benefits compared to Bitcoin. Some of the most well-known altcoins include Ethereum, Ripple, and Litecoin. The term “altcoin” is a combination of the words “alternative” and “coin,” reflecting the fact that these cryptocurrencies are alternative options to Bitcoin. Altcoins are becoming increasingly popular as more individuals and organizations seek to diversify their cryptocurrency portfolios and as the cryptocurrency industry continues to evolve and mature.
