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What Is An Altcoin? The Simple Explanation

Altcoin is a term that's thrown around a lot, but what exactly does it mean. The answer couldn't be more simple: An Altcoin — short for Alternative Coin — any Cryptocurrency launched after Bitcoin, the very first Cryptocurrency

This means that Ethereum, Litecoin, Monero, and Zcash are all classified as Altcoins, or Alternative Coins. In fact, the list of Altcoins is seemingly neverending, with more popping up by the hour, all promising to improve on Bitcoins shortcomings. 

Related: What Is Bitcoin?

Improve they may, but take over they shan't. Bitcoin has come too far to be dethroned. While Altcoins seem like viable alternatives, in the real world, where computation, market cap, usage, and adoption come into play, they aren't competitors at all.

Related: How To Mine Bitcoin

That said, there are several reasons you may want to hold an Altcoin balance, with the most popular being they present somewhat of an appealing investment opportunity. As such, we've rounded up some of the most popular Altcoins in the extensive list below.

An A-Z List of Altcoins

  • AdEx (ADX)
  • AELF (ELF)
  • Aeon (AEON)
  • Aion (AION)
  • Algorand (ALGO)
  • Aragon (ANT)
  • Ardor (ARDR)
  • ARK (ARK)
  • Augur (REP)
  • Basic Attention Token (BAT)
  • Beam (BEAM)
  • Binance Coin (BNB)
  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Bitcoin Diamond (BCD)
  • Bitcoin Gold (BTG)
  • Bitcoin Private (BTCP)
  • Bitcoin SV (BSV)
  • BitShares (BTS)
  • Byteball Bytes (GBYTE)
  • Bytecoin (BCN)
  • Bytom (BTM)
  • Cardano (ADA)
  • Centrality (CENNZ)
  • ChainLink (LINK)
  • Civic (CVC)
  • Cosmos (ATOM)
  • CRED (LBA)
  • Dai (DAI)
  • Dash (DASH)
  • Decentraland (MANA)
  • Decred (DCR)
  • Dentacoin (DCN)
  • DentCoin (DENT)
  • Digibyte (DGB)
  • DigixDAO (DGD)
  • Dogecoin (DOGE)
  • Dragonchain (DRGN)
  • Einsteinium (EMC2)
  • Elastos (ELA)
  • Electroneum (ETN)
  • Enjin Coin (ENJ)
  • EOS (EOS)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • ETHLend (LEND)
  • Ethos (ETHOS)
  • Factom (FCT)
  • FunFair (FUN)
  • Fusion (FSN)
  • Game.com (GTC)
  • GameCredits (GAME)
  • GAS (GAS)
  • Gnosis (GNO)
  • Golem (GNT)
  • Grin (GRIN)
  • GXChain (GXS)
  • Horizon State (HST)
  • ICON (ICX)
  • ICONOMI (ICN)
  • IOStoken (IOST)
  • IoT Chain (ITC)
  • IOTA (MIOTA)
  • Ivy (IVY)
  • Kin (KIN)
  • Komodo (KMD)
  • Kucoin Shares (KCS)
  • KyberNetwork (KNC)
  • LBRY Credits (LBC)
  • Lisk (LSK)
  • Litecoin (LTC)
  • Litecoin Cash (LCC)
  • Loom Network (LOOM)
  • Loopring (LRC)
  • MaidSafeCoin (MAID)
  • Metal (MTL)
  • MinexCoin (MNX)
  • Mithril (MITH)
  • Mixin (XIN)
  • MOAC (MOAC)
  • Monaco (MCO)
  • Monero (XMR)
  • Namecoin (NMC)
  • Nano (NANO)
  • NAV Coin (NAV)
  • Neblio (NEBL)
  • NEM (XEM)
  • NEO (NEO)
  • Nexus (NXS)
  • Nucleus Vision (NCASH)
  • Nxt (NXT)
  • OmiseGO (OMG)
  • Ontology (ONT)
  • PacCoin (PAC)
  • Peercoin (PPC)
  • PIVX (PIVX)
  • Po.et (POE)
  • Polymath (POLY)
  • Populous (PPT)
  • Potcoin (POT)
  • Power Ledger (POWR)
  • Pundi X (NPXS)
  • QASH (QASH)
  • Qtum (QTUM)
  • Quantstamp (QSP)
  • Ravencoin (RVN)
  • RChain (ROC)
  • Reddcoin (RDD)
  • Request (REQ)
  • Rise (RISE)
  • Safe Exchange (SAFEX)
  • SALT (SALT)
  • Siacoin (SC)
  • SmartCash (SMART)
  • Sports Coin (SOC)
  • Status (SNT)
  • Steem (STEEM)
  • Stellar Lumens (XLM)
  • Stratis (STRAT)
  • Synthetix (SNX)
  • Syscoin (SYS)
  • TenX (PAY)
  • Tether (USDT)
  • Time New Bank (TNB)
  • TRON (TRX)
  • VeChain (VET)
  • Verge (XVG)
  • Veritaseum (VERI)
  • Vertcoin (VTC)
  • Walton (WTC)
  • Wanchain (WAN)
  • Waves (WAVES)
  • WAX (WAX)
  • XRP (XRP)
  • YOYOW (YOYO)
  • ZCash (ZEC)
  • ZCoin (XZC)
  • Zilliqa (ZIL)

Do Altcoins Follow Bitcoin?

There's a correlation between the value of Bitcoin and Altcoins, according to Coin Predictor. This means that, for instance, when the value of Bitcoin increases, so does the value of Ethereum, and Litecoin, and Monero ... You see where we're going with this. 

Interestingly, just because the value of Bitcoin is up 70% doesn't mean that Litecoin, for example, will also be up 70%. As a general rule of thumb, if Bitcoin is on the rise or on the decline, most Altcoins will be too — although not necessarily by the same amount.

Can You Mine Altcoins? 

Just like Bitcoin, most Altcoins can be Mined. There are various methods of doing so, but for Ethereum, Grin, Handshake, Monero and Zcash, the easiest way is to use the Coinmine One — a Plug-and-Play Miner that will let you start Mining out of the box.

Related: How To Mine Handshake

Best of all, the Coinmine One is controlled through an application for Android and iOS, so you can view your balance and switch between Altcoins on the move. Plus, because it's also a Bitcoin Miner, it can also be set to mine Bitcoin with the mere tap of a button.