What Is?...
Altcoin is a term used to describe alternative cryptocurrencies that are not Bitcoin. These cryptocurrencies are created as alternatives to Bitcoin, with different features, uses, and goals.
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History of Altcoins
1. 2011: First altcoin, Namecoin, was created to provide a decentralized DNS (Domain Name System).
2. 2013: Litecoin, one of the most popular altcoins, was launched as a faster and more lightweight alternative to Bitcoin.
3. 2014-2015: Many altcoins emerged, including Dogecoin, Ethe...
How is the Bitcoin Network Secured?
Bitcoin is secured with the SHA-256 algorithm, which belongs to the SHA-2 family of hashing algorithms, which is also used by its fork Bitcoin Cash (
Competition
Countless other cryptocurrencies have entered the market. While it remains the dominant coin, Bitcoin's market share has fallen from 94 percent in 2013 to 64 percent in March 2020. Other major cryptocurrencies have different uses, but they often do overlap with the possi...
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