Altcoin Evolution: Unveiling Niche Markets & Real-World Utility
The world of cryptocurrency extends far beyond Bitcoin. While Bitcoin often grabs the headlines, a vast and diverse landscape of alternative cryptocurrencies, known as altcoins, offers a multitude of functionalities, technological innovations, and investment opportunities. Navigating this complex ecosystem can be daunting, so let’s delve into the world of altcoins, exploring their purpose, types, risks, and potential rewards.
What are Altcoins?
Altcoins are essentially any cryptocurrency that is not Bitcoin. The term "altcoin" is a portmanteau of "alternative coin." These digital currencies were created to improve upon perceived limitations of Bitcoin, offer new features, or serve specific niche purposes.
Purpose of Altcoins
Altcoins serve a variety of purposes, often addressing shortcomin...