What is Altcoin?


Hello, dear friends. Today, we decided to update our library and add a new article, in which we will understand the term “Altcoin”. And, so that the article is in a readable form, we will make it a little content.

The world’s first cryptocurrency

It’s no secret that the first crypto currency in the world was Bitcoin, which was created in 2009. This crypto currency was developed with the goal of creating an independent, no single digital currency that could be paid on the Internet. Later, this idea was picked up by other enthusiasts, and began to come up with other coins that would have similar functionality, and the first among them was Namecoin created in 2011.

What is altcoin?

Following the Namcoin crypto currency, a number of other projects began to appear, with similar ideas and functionality. Until 2011, bitcoin, was called digital cash, i.e. it was this function, according to the ideas of the developers, he had to execute. And only after the appearance of other projects, this type of assets began to be called crypto-currencies, and if bitcoin became the first digital coin in the world, all the rest were called alternative bitcoins, which is reduced as altcoin.

Altcoins in 2018

The number of digital currencies is continuously growing, and by the beginning of 2018 their number is approaching 1000 pieces. But, not all these are really worthwhile projects, in most cases, behind the names of altcoys, the goals of enriching their creators are in front of everything. In 2018, tokens became very popular, which are “securities” for block projects.

Perspective altcoins 2018

In one of our articles, we made a classy selection of promising tools for investing in the year 2018 in the field of crypto-currency, and you can read it in more detail here. But, that list, will not differ much from what we are now writing. The most promising altcoins of 2018, according to the bitbetnews.com blog, are crypto-currencies: Ethereum, Cardano, NEO, Lisk, Waves and others. The altcoins course, which we listed, will increase several times in 2018, which automatically makes them one of the most attractive financial instruments for investment.

Buy alternative currencies

Purchase bitcoin is no different from buying other alternative crypto currency. Therefore, in order to deal with the nuances of the purchase of HEO, Lightcoin other, first you will need to master the process of buying digital gold. With instructions on the conversion of phiatic money into the crypt, you can find here, or by going to the section “How to buy”, located in the header of the site.

How do the altcoins appear?

Alternative digital money can appear in various ways. But, the most popular option is fork beatkoin. What does it mean? As we mentioned above, behind the majority of altcoy names, there are interests of enrichment, rather than providing new opportunities and solutions. Therefore, developers use the fact that the bitcoin code is open, and they just copy it, make minimal adjustments, launch an advertising campaign and capitalize their project with quite good amounts.

Other well-known methods of the appearance of altcoins are hardfork. At the moment, there are two of the most popular hardcore bitcoins, Bitcoin Cash and Bitcoin Gold.


Friends, the information we presented in this article, you should be enough to learn the material of interest. We hope that we have succeeded in revealing the theme of the altcoins. That’s it, thanks for reading us.

Add comment