What is the difference between cryptocurrency and altcoins

Words
59
Reading
1 min
6y
Listen to this post
~1 min

Cryptocurrency refers to all digital currencies that use cryptographic techniques to produce its output, like transaction details. So basically all, if not most of blockchain-based digital currencies are cryptocurrencies.

Altcoins – short for ‘alternative coins’. An umbrella term that generally refers to any digital currencies that is NOT bitcoin. Altcoins are not just ‘currency’, they may have wider applications.

What is the difference between cryptocurrency and altcoins | Ecency