Beyond Bitcoin: Understanding the world of altcoins
Imagine traditional money, then picture a world without physical currency – just digital currency. This revolutionary concept first materialized with Bitcoin, the original ‘digital dollar’. But just like the early days of the internet, it soon became clear that there could be other forms of digital money, each with unique features and intended uses. This is where altcoins come into the picture. The term itself is a simple combination of ‘alternative’ and ‘coin’, referring to any cryptocurrency that isn’t Bitcoin.