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What is an Altcoin?

An alternative digital money to bitcoin is called an altcoin. The term Altcoin is a portmanteau created by combining the words “alternative” and “coin”. In actuality, it refers to a collection of cryptocurrencies, ultimately including all digital currencies besides Bitcoin. Most altcoins are built on bitcoin, and they all perform essentially the same duties. Based on market capitalization, some of the most well-known altcoins include Litecoin, Ripple, Bitcoin Cash, Bitcoin SV, and Ethereum.