Altcoins Explained Simply and Top 5 Altcoins

CoinCasso

Contributor
Bitcoin is not the only currency available on the crypto market.
There are many equally interesting alternatives to BTC, which we call Altcoins.
Cryptocurrency for dummies – basic knowledge – part 1! | CoinCasso Exchange

They all have one thing in common – they are digital currencies, with their own blockchain and value.
What is a blockchain and its role in cryptocurrencies? | CoinCasso Exchange

So what is an altcoin? How do they actually work, and why did they come into being? You will find out by reading our article.
Altcoins Explained Simply and Top 5 Altcoins | CoinCasso Exchange

Why are altcoins created?
The technical reason may be that creators often want to improve a project, in this case, BTC, and try to create a new alternative.
The big disadvantage of BTC is the high transaction fees, so many creators want to change that. The second reason for creating altcoins is simply making money on crypto, which is still developing. The crypto market is growing – it’s an interesting way to invest money and multiply capital. This is why more and more projects choose to create their own altcoin.


Watch full article Altcoins Explained Simply and Top 5 Altcoins | CoinCasso Exchange
 
Top