Altcoins
Altcoins, short for alternative coins, denote any cryptocurrency other than Bitcoin and sometimes Ethereum. Altcoins serve similar purposes as BTC and ETH but may use different consensus mechanisms and technologies. Bitcoin and Ethereum may dominate the cryptocurrency market, but the remainder of the market share comprises altcoins.
Altcoins represent digital currencies designed and developed on the blockchain without the intervention of a centralized authority such as a government or a bank. They leverage public blockchain networks for functioning and gain value based on the usage level of their underlying blockchain infrastructure and their demand as investment instruments in exchanges.
Disclaimer: The information on this page may come from third parties and does not necessarily reflect KuCoin’s views. It is provided for general reference only and should not be interpreted as financial or investment advice.
Virtual asset investments may involve risk. Please carefully assess the product risks and your own risk tolerance. For more information, please refer to our Terms of Use and Risk Disclosure.