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Altcoins, or alternative cryptocurrencies, are digital assets that were created after Bitcoin and operate on their own blockchain networks.
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Altcoins seek to improve upon Bitcoin's limitations, such as transaction speed, energy consumption, and scalability, among others.
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Some popular altcoins include Ethereum, Litecoin, Ripple, and Bitcoin Cash, among many others.
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Ethereum is a programmable blockchain that enables the creation of decentralized applications (dApps) and smart contracts.
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Litecoin is a faster and more efficient alternative to Bitcoin that uses a different mining algorithm
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Ripple is a digital payment protocol that is designed to facilitate fast and low-cost cross-border transactions.
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Altcoins are typically acquired through cryptocurrency exchanges, where they can be bought, sold, and traded for other cryptocurrencies or fiat currencies.
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The rise of altcoins has led to increased market competition, as different cryptocurrencies vie for market share and investor attention.
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However, altcoins are also subject to higher volatility and risk compared to established cryptocurrencies like Bitcoin.
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