What are Altcoins?

Altcoins, or "alternative coins," are cryptocurrencies that are alternatives to the digital currency Bitcoin. The term "altcoin" is used to describe any cryptocurrency that is not Bitcoin, and these coins are often used to fill specific niches or solve specific problems that Bitcoin does not address. Some examples of popular altcoins include Ethereum, Binance Coin, Monero, and XRP. Altcoins are created using technologies similar to Bitcoin, such as blockchain and cryptography. As a result, they often have similar goals, such…