Altcoin news: Altcoins are essentialy all other cryptocurrencies, except Bitcoin. Bitcoin is the original cryptocurrency, so all others are alternative tokens or altcoins. More than 95% of altcoins are tokens and not coins, but that’s a different discussion. Ethereum is also an altcoin, but it’s too special and it deserves a category of its own. With nearly 2000 cryptocurrencies, altcoin projects are very different and very similar from each other. With the introduction of Ethereum and its features, developers started to easily issue their own projects, starting the Initial Coin Offering boom of 2017.
Every altcoin project has set out to improve on the original Satoshi Nakamoto cryptocurrency concept. A lot of altcoins are superior to Bitcoin in many ways, each trying to improve certain cryptocurrency flaws. Altcoins are the developers’ way of innovating, creating new applications and possibilities in the cryptocurrency ecosystem, and pushing the limits further and further. Although there are many scams out there, altcoins have a vital role in the main plan – Mass Adoption!