The current price of Altcoin (ALT) is $ 0.02019710.
Altcoin (ALT) is a type of digital cryptocurrency that diverges from the primary cryptocurrency, Bitcoin. The word 'Altcoin' is a blend of two words: 'alt' and 'coin' where 'alt' stands for 'alternative' and 'coin' means 'cryptocurrency'. Hence together they imply 'alternative cryptocurrency'. ALT is one of the thousands of altcoins available in the crypto market today.
While the specifics about the creator or the team behind Altcoin (ALT) are not provided, most altcoins are developed by diverse groups of developers who have perceived limitations of Bitcoin and have decided to create new coins to address those limitations or focus on other capabilities.
Altcoin operates much like any other cryptocurrency. It uses blockchain technology, a decentralized, public ledger where all transactions from the start are stored. Each transaction involving ALT is verified by a multitude of computers on the network to guarantee the authenticity of the transaction and stored in this ledger. The decentralization prevents any single entity or government from gaining control of the altcoin.
Altcoins are unique in that they often offer functionality that is distinct or enhanced compared to Bitcoin. Some altcoins offer more efficient transaction speeds, others offer greater privacy, and others offer smart contract functionality. Altcoin (ALT) possesses its distinctive features and capabilities that set it apart in the cryptocurrency market.
Altcoin, like many other cryptocurrencies, is secured through a process known as cryptographic hashing which is similar to Bitcoin's proof-of-work mechanism. Hashing involves solving complex mathematical problems to validate transactions and add them to the blockchain. The decentralized nature of the Altcoin network also adds to its security.
There are about 0.1M ALT coins currently in circulation from a 0.1M maximum supply.
The current market capitalization of Altcoin is $ 2.5K, which puts it at rank #1 in the Crypto market.
The price of Altcoin (ALT) has increased by +0.00% in the last 24 hours.
You can purchase Altcoin (ALT) from the following exchanges: Cryptopia. As with all cryptocurrency purchases, it's important to use a trustworthy exchange and take steps to secure your assets.
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