sofia
Member
Altcoins, short for "alternative coins," refer to all cryptocurrencies other than Bitcoin. They were created to improve upon or address perceived limitations of Bitcoin, such as transaction speed, scalability, or energy efficiency. Altcoins can vary significantly in their technology and purpose; some focus on enhancing privacy, while others aim to facilitate smart contracts or provide decentralized finance (DeFi) solutions. The diversity within the altcoin market allows for innovative applications and use cases, catering to a wide range of investor interests and technological advancements in the cryptocurrency space.