How are you all? Come on everyone is fine. I am also fine by the grace of God Alhamdulillah. Friends today I will share with you some brief discussion about altcoin. The reason for the brevity is that its level of popularity will decrease the more it is written about. So without wasting time let's get started-

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An Altcoin is a currency that is outside of Bitcoin. These include Ethereum, Litecoin, Ripple etc. Altcoin's main goal is to always compare itself to Bitcoin with better information. Similarly, when the price of Bitcoin increases, the price of all altcoins also increases, and when the price of Bitcoin decreases, the value of altcoin also decreases. That is, all altcoins are dependent on this bitcoin, but bitcoins are never dependent on altcoins.

Generally all coins except Bitcoin are called altcoins. There are many altcoins that can perform normal transactions like Bitcoin without the intervention of a bank. Again, some altcoins are created for the purpose of lending, giving opportunities to traders on the difference, and other benefits. It enables tokenization of real estate, industrial or other assets. Some such altcoins pay special attention to the transparency and improvement of their supply chain. Some of the altcoins managed by Ethereum are decentralized applications. which is operated through a peer-to-peer network.

There are many ways to use altcoins. Some of the notable means are -

1. Online merchants.
2. Cryptocurrency Exchange.
3. Decentralized applications.
4. Token Sale and Crowdfunding.
5. Remittance.

Let's discuss this in more detail. Altcoin is a coin that can be used in any field. It is a very secure currency as it is under the blockchain technology. Which can be used by various big companies in their transactions. Again, many traders exchange altcoins for the benefit of their trading. Similarly, it is possible to earn money by selling altcoins. Many expatriate brothers also use this altcoin to send their money safely. Since there is no external bank or third party here, money transactions are possible very easily and at low cost.

That's it for today guys. Please let me know how my short discussion today was by commenting. I am ending here wishing everyone good health.