What are altcoins?
9 months ago
There is Bitcoin and then there are altcoins. Sounds very simple, while it really isn’t. In this article we are going to dig a little bit deeper when it comes down to cryptocurrencies and why they are called altcoins and what defines them. The very first crypto was Bitcoin and its blockchain was started in January 2009. It introduced the idea of an electronic cash system that works globally, is decentralized and is permission less. Bitcoin was built with a certain vision and technical specifications in mind in order to enable the network to become the strongest and most resilient currency the world has seen. While many developers shared that vision, they had a different concept what the architecture of a crypto should look like. And this is where our journey starts.