ALTCOINS (ALTERNATIVE-COINS) ARE
OTHER CRYPTOCURRENCIES LAUNCHED
AFTER THE SUCCESS OF BITCOIN.
THERE ARE THOUSANDS OF DIFFERENT
CRYPTOCURRENCIES. AT THE TIME THIS WAS
WRITTEN, ALTCOINS ACCOUNTED FOR 36% OF
THE TOTAL CRYPTOCURRENCY MARKET.
MANY ALTCOINS ARE TRYING TO TARGET THE
PERCEIVED LIMITATIONS OF BITCOIN. AN
ALTCOIN MUST HAVE COMPETITIVE
ADVANTAGE TO SUCCEED AGAINST BITCOIN.
MANY OF THE COINS ARE BASED
OFF OF BITCOIN’S FRAMEWORK.
THUS, MOST ALTCOINS ARE PEER-
TO-PEER. BUT THEY TRY TO OFFER
UNIQUE FEATURES THAT MAY BE
MORE COST EFFICIENT, HAVE
QUICKER TRANSACTION TIMES, OR
BETTER SCALING. EVEN WITH MANY
OVERLAPPING FEATURES, ALTCOINS
VARY WIDELY FROM EACH OTHER.
Many Types of Altcoins
•MINING-BASED CRYPTOCURRENCIES:
(BASED OFF OF BITCOIN’S NETWORK)
•STABLECOINS:
(ATTEMPTS TO OFFER PRICE STABILITY & ARE BACKED
BY A RESERVE ASSET)
SECURITY TOKENS:
(DIGITAL ASSET THAT DERIVE THEIR VALUE FROM AN
EXTERNAL ASSET THAT CAN BE TRADED)
•UTILITY TOKENS:
(SERVICES OR UNITS OF SERVICES THAT CAN
BE BOUGHT)
Digital_trio 