November 2018
Beginner to intermediate
88 pages
1h 46m
English
Content preview from Understanding Cryptocurrencies
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Hot Cryptocurrencies Around the World
Is Bitcoin the Only Cryptocurrency?
Bitcoin is not the only cryptocurrency. Bitcoins are generated from the open-source code that anyone can modify. The bitcoin inspired many other alternative digital currencies (altcoins) to come in existence, which happened by changing the underlying algorithm. The framework offered by bitcoin still remains at the core for the newer altcoins. These altcoins are similar to bitcoins. Every altcoin has its own blockchain and consensus rules.
Altcoins differ from bitcoins in many ways. Some altcoins offer better privacy, and others may offer lesser privacy. Some offer different proof-of-work functions, while others may not offer any at all. There are many altcoins ...
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