Altcoins, or “alternative coins,” refer to any cryptocurrency that exists outside of Bitcoin, encompassing a wide variety of digital assets with distinct features and use cases. While many altcoins are designed to serve as alternatives to Bitcoin, they often offer innovative improvements in areas like transaction speed, privacy, or smart contract capabilities. Each altcoin has its own purpose, whether it’s enhancing scalability, supporting decentralized applications, or addressing specific challenges within the blockchain space. As a result, altcoins form a diverse and evolving ecosystem within the broader cryptocurrency market.
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