Now, after bitcoins emerged and people started embracing them and using them, a few issues started cropping up in the system that needed improvement. That gave rise to alternative bitcoins dubbed altcoins that worked on improving the shortcomings of the bitcoin.
Soon, there were hundreds of altcoins in existence, and most would fade out of circulation as soon as they started. However, many have maintained a stronghold in the cryptocurrency market giving the bitcoin a run for its money.
Altcoins in essence function as bitcoin clones but with improvements in the speed of transactions, enhanced hashing algorithms, and better distribution methods. Click here to know more about #cryptocurrency trading.
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