Alternative Coin

1. definition

An Altcoin, short for "alternative coin," refers to any cryptocurrency that is not the market leader in its respective category. These alternatives often exhibit volatile price movements, presenting both high-risk and high-reward scenarios for investors.

1.1 - Example

In various sectors, an altcoin could be any coin except the market leader:

Store of value: Bitcoin (BTC)

Smart contracts: Ethereum (ETH)

Peer-2-peer cash: Bitcoin Cash (BCH)

2. general

In a broader context, every cryptocurrency that is not Bitcoin (BTC) is often referred to as an Altcoin.

* All terms and definitions may update as the Cryptionary improves.