Altcoin News

The term altcoin is an abbreviation of the words’ alternative’ and ‘coin,’ and it is used to represent all cryptocurrencies that are not Bitcoin. Popular altcoins (alternatives to Bitcoin), include Ether, XRP, Litecoin, NEO, Dash, and many others. CoinMarketCap lists more than 2000 altcoins on its platform, but the actual number in existence today will be much higher. This number will likely increase in the future as new altcoins are created. If an altcoin has a low number of users, it may not survive and can be removed from the market.

Bitcoin’s release to the public in 2008 started a new trend of digital currencies looking to disrupt the financial world and other industries. At their core, most altcoins utilize blockchain technology, just as Bitcoin does. However, with differences in their code, consensus rules, and other factors, altcoins can be designed specifically for a wide array of use cases that differ from Bitcoin.

Monero, for example, is an altcoin designed to be used as cash like Bitcoin. However, it also uses ring signatures, stealth addresses, and other techniques to make its transactions private and untraceable. Ether, the world’s largest altcoin by market cap, was created to compensate miners or validators who secure the Ethereum network. Ether is also the medium of exchange used by various services, Dapp providers, and other participants on the Ethereum platform.

You can buy and sell altcoins on cryptocurrency exchanges. The number available to trade will vary per crypto exchange, with some offering just one or two altcoins, while others, like Binance, have listed hundreds. No cryptocurrency exchange has listed every altcoin. Some Altcoins can be exchanged for fiat currencies, while others can only be purchased with cryptocurrencies.

This Altcoin News section will keep you up to date on all the latest developments in the altcoin space. Our professional journalists report on the most significant events as they happen.


U.S. Private Investment Manager Invesco Launches Blockchain ETF on the London...

Invesco Ltd., a U.S.-based independent investment firm is launching a blockchain exchange-traded fund (ETF), reported the Financial Times on March 9. The ETF is targeting...

Litecoin Adoption Spreading, Surf Air Is the Latest

Charlie Lee's digital currency was in the spotlight throughout May. After partnering with Abra and Bookmaker, Litecoin is now usable at VRPorn, TapJets and...

‘Beyond Bitcoin’, a Feature-length Documentary, Scores Deal at Cannes

The deal comes with the patronage of the Slate Entertainment Group, the firm behind the SLATE (SLX) blockchain network. The film is expected to...

Coinone Transfer Joins RippleNet’s Partners Pool

The Fintech Company, Ripple seems to put a lot of effort into spreading its use cases towards traditional banking institutions, especially in the Asia...

ICON (ICX) Announce Partnership With Japanese Crypto Fund and Sign MOU...

"B Cryptos," the Japanese crypto fund ICON's ever-growing list of partnerships continues, with two tweets and blog posts today outlining these new partnerships. The first of...

First App for Tracking Crypto Prices Finally Released by Coinmarketcap

The rise of cryptos, especially Bitcoin, during the previous year, brought a lot of new investors to the crypto market. With them, came the...

Local & Regional Cryptocurrencies – State-backed Coins Enter the Scene

Local cryptocurrencies, also known as regional cryptocurrencies are designed to be complementary currencies that cater to the needs of a community and help keep money within it....

Using the Power of the Blockchain to Make Freelancing Easier and...

The way we work has changed rapidly over the past couple of years. The Internet has allowed us to work from virtually anywhere, and...

Blockchain Is Taking IoT Development to the Next Level

Brief introduction to IoT The Internet of Things (IoT), refers to the rapidly growing network of devices connected to the internet, which collect and share...

Thoughts, Impressions, and Bonus Info from ICON’s First Annual Summit: The...

I haven’t had the chance to check out social media much to judge the overall reaction yet, but I will say that ICON investors...

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