What is an altcoin?

Category

General

Author

nbx.com

An alternative coin or “altcoin” is any cryptocurrency other than Bitcoin.

Generally, altcoins fall into two categories: those which are largely based on Bitcoin’s code (Bitcoin forks) and those which are standalone projects which were created from scratch. Today, most altcoins are hosted on the Ethereum network as ERC-20 tokens and therefore, depend on Ethereum to stay functional.

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