Altcoin is the name of all cryptocurrency except Bitcoin. The first altcoins appeared in 2011. Their aim was to overcome all technical limitations that Bitcoin had. As of the beginning of December 2017, there are over one thousand altcoins existing in the world. The best alt coins have various prices from 0.01 USD till thousands of dollars.
Many of altcoins are built on the basic structure, provided by the Bitcoin block chain, i.e., they are in fact its forks. So, the majority of altcoins are single ranked, include mining process and offer effective and cheap ways to carry out transactions over the Internet.
The best altcoins
The cryptocurrency, created in the Ethereum block chain. Ethereum is second by capitalization after Bitcoin, as well as has been second by the rate price of one coin for a long time. Ethereum was developed in 2015 as a platform for the creation of smart contracts. Today, the major part of all ICOs are conducted on this platform.
A fork of Bitcoin, released on August 1, 2017. Unlike Bitcoin, it has a block with the size of 8 Mb. It showed a rapid growth in November, as of December one coin costs over $1500.
One of the first altcoins, released in 2011. It has no fundamental differences from Bitcoin. At the same time, transactions in block chain go faster.
The cryptocurrency with an additional level of encryption. It is the most popular payment method in the Darknet, which is why it is often criticized, blamed for serving criminal actions
Another altcoin, aimed at anonymity. Has been existed since January 2014.
A platform for payment systems oriented on currency exchange operations. The Ripple protocol, developed by the company of the same name in 2012, is popular in the banking sector.
Altcoin, serving the block chain, which is targeted on serving transactions in the framework of the Internet of Things.