what are Alt coins?

"Altcoin" refers to any type of cryptocurrency other than Bitcoin. In fact, altcoins encompass all other cryptocurrencies that have been created after Bitcoin, and they usually have their own specific features, uses, and protocols. Some altcoins may be created as new tokens for specific projects, blockchain platforms, or as cryptocurrencies with particular applications.

The most well-known altcoins include Ethereum, Litecoin, Ripple, and Cardano, among others. Additionally, there are utility tokens, security tokens, and stablecoins.

Each of these categories has its own unique features and applications. Altcoins can be divided into various categories, including:

- Digital transaction coins: such as Litecoin and Dash, which are designed as faster and cheaper alternatives to Bitcoin.

- Platform tokens: like Ethereum, which serves as a platform for creating smart contracts and decentralized applications.

- Stablecoins: such as Tether and DAI, which are pegged to a specific asset (usually the dollar) to minimize volatility.

Due to their diversity and unique characteristics, altcoins can present both investment opportunities and specific risks.