The cryptocurrency sector is full of complex jargon, but fortunately, Altcoins are a simple term to understand. The word is split between the terms “Alt” and “Coin”, and basically means any cryptocurrency which is not Bitcoin. They exist primarily as a way to improve on the concept of Bitcoin, and although there are thousands in circulation today, only a few have really succeeded on this mission.

Altcoins share a number of similarities, and many are built upon the basic framework, or Blockchain, used by Bitcoin.