Bitcoin stands as the first cryptocurrency and still holds the title as the number one and most popular cryptocurrency, but it is not the only digital asset that has been created.
The word “altcoin” refers to any cryptocurrency that is not Bitcoin. In layman's terms, an altcoin is any alternative.
While Bitcoin is a cryptocurrency, the term also represents a few definitions. Bitcoin also refers to the protocol or blockchain, which is the underlying open source, distributed ledger network upon which Bitcoins exist.
There are many other projects that have issued coins or tokens using blockchain technology. CoinMarketCap, the leading cryptocurrency ranking platform, lists hundreds of altcoins.
You’ve may be familiar with the leading altcoins, such as Ether (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC) and Monero (XMR).
These are just a few examples of some of altcoins on the market, but there are thousands out there, and anyone can create their own. You can buy, sell and trade more than 18 different altcoins on OVEX.