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Altcoin or alt-coin is an alternative coin from English. Translating directly into Polish is an alternative coin, though coin and token are terms referring to individuals virtual currencies, or cryptocurrency. Therefore, the implication is not so much about the coin, but about an alternative crypto currency for Bitcoin.

Altcoin This is one of the slogans of our dictionary, which is a part free training - Cryptocurrencies - how to start and survive? A course for everyone!

Altcoin - definition, meaning of the word

Altcoin is called every cryptocurrency, except bitcoin.

Where did this distinction come from? Bitcoin was established in 2009 year as the first cryptocurrency in the world. During the first years of its existence, few people heard about the idea of ​​Satoshi Nakamoto and about blockchain technologywho is behind bitcoin. At that time, there was no other virtual currency that met today's definition of cryptocurrencies. Thus, the term cryptocurrency meant the same as bitcoin.

A few years later, new cryptocurrencies began to emerge, having technological alternatives to Bitcoin. The first altcoin is considered Namecoina created in 2011. Soon after it arose the famous Litecoin (LTC) as improved version of bitcoin. Currently, it exists above three thousand altcoins.

Distinguishing altcoin - bitcoin is also applicable in stock market speculation. Often the price of most altcoins behaves similarly, during the specified price movements of the bitcoin. For example, when the price of bitcoin increases sharply, the prices of altcoins may decline, due to the flow of capital.

The most popular altcoins

Altcoin can be cryptocurrency in the form of a coin with its own blockchain or it could be tokenusing blockchainu another coin.

Multiplying the number of coins in circulation times the current price market capitalization is calculated given cryptocurrency. On the basis of the so-called The market cap is cryptocurrency in a specific ranking.

Altcoin, by increasing or decreasing the market valuation, may fall or be promoted in such a ranking. The cryptocurrency market is so dynamic that it is difficult to point the most important altcoins. However, some of them have been in the forefront in terms of market capitalization for many years. And these are:

Ethereum (ETH) - blockchain that allows you to write smart contracts and to issue your own tokens; the most frequently used network for needs ICO

XRP (XRP) - formerly Ripple, although the company has cut off its cryptocurrency by changing its name; interbank payment system

Litecoin (LTC) - improved bitcoin, running faster, with significantly lower transfer costs; bitcoin is called gold of internet, litecoin is silver;

Tether (USDT) - stable coin, or token in principle, always costing 1 USD; the controversial project due to its centralized nature, the lack of reliable audits of cryptocurrency coverage in dollars, as well as continuous USDT printing;

Monero (XMR) - cryptocurrency ensuring anonymity when sending funds;

A full list of altcoins can be found in our rankingAt Binance Info or the most popular one CoinMarketCap.

cryptocurrency ranking of 8 on July 2019 of the year

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Tokeny.pl is a cryptocurrency site run by a crypto team of enthusiasts. The main area of ​​our interest are cryptocurrencies, tokens, personal tokens as well as blockchain technology. On the pages of our website we will present independent cryptocurrency reviews and interesting articles from the market. In addition, we present the current rates of all critics. The site also has a multi-functional cryptocurrency calculator as well as traditional currencies.

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Investments in OTC market instruments, including currency exchange rate (CFD) contracts, due to the use of the leverage mechanism, entail the possibility of incurring losses exceeding the value of the deposit. It is not possible to make a profit on transactions on OTC instruments, including currency exchange contracts (CFDs) without risking a loss, therefore contracts for exchange differences (CFDs) may not be suitable for all investors.

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