What is an Altcoin?

An Altcoin is any cryptocurrency that is not Bitcoin. The term comes from “alternative coin” and covers all other digital assets, including coins and tokens such as ERC-20 tokens on Ethereum.

Many altcoins are created as modified versions of Bitcoin through hard forks, while others introduce new technologies or consensus methods like Proof of Stake (PoS), Delegated Proof of Stake (DPoS), Proof of Authority (PoA), or Proof of Burn.

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