"Alternative coins," also known as "altcoins," incorporates all digital currencies other than Bitcoin. Although altcoins are becoming more fashionable in recent years, Bitcoin was the catalyst for the creation of digital currencies.

Altcoins, which span from smart contracts to privacy features, to decentralized finance (DeFi) and are built with a variety of blockchain technology and are developed to support various requirements.

While certain altcoin projects are similar to Bitcoin however, many of them differ in their consensus methods the use case or mix.

Certain cryptocurrencies have been developed with specific functions to tackle particular issues. Others are used to attract and unite the attention of both frequent and regular speculators as well as investors.