Altcoin
By CoinGecko | Updated on Mar 03, 2020
A cryptocurrency or a category of cryptocurrencies that are an alternative to bitcoin. Many altcoins project themselves as better alternatives to bitcoin in various ways (e.g. more efficient, less expensive, etc.).
Related Terms
Airdrop
A way to promote cryptocurrencies by sending some free tokens to traders
Byzantine Generals’ Problem
A term used to describe the situation a single strategy which requires consensus from all members within a group who cannot be trusted or verified
Market Maker
Participant of the market who creates buy and orders
Proof of Stake (PoS)
A consensus algorthm that assigns block validation queue based on the coins/token locked in by the validator.
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