Altcoin news are important because they shine a light on different developments in the cryptocurrency space. Some of them can be surprisingly innovative, while others may disappoint and teach us valuable lessons about preserving Bitcoin.
What are altcoins? They refer to alternatives to Bitcoin and currently make up more than 40% of the crypto market capital. Some of the best known and most popular assets in this category include Ethereum, Litecoin, Bitcoin Cash (and all the forks), Monero, Zcash, Grin, Beam, DASH, Dogecoin, EOS, Cardano, TRON, and Tezos.
Though a significant chunk of these cryptocurrencies are Bitcoin clones with slight changes in parameters, there are also more complex creations which make use of different innovations in cryptography and computer science. The difference can also be observed in terms of purpose: while some altcoins aim to become quick and private means of payment that compete with Bitcoin, others try to establish settlement layers for smart contracts and an environment for decentralized applications (dApps).
Crypto Insider will keep you updated with the latest altcoin news, but also present you valuable insights on the most important projects and developments.