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10 Moxie Passes available — mint yours to be eligible for upcoming airdrops, grants, Fan Tokens, and more! cc @betashop.eth @airstack.eth

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The first altcoin was Litecoin, forked from the Bitcoin blockchain in 2011. Litecoin uses a different proof-of-work (PoW) consensus mechanism than Bitcoin, called Scrypt (pronounced ess-crypt), which is less energy-intensive and quicker than Bitcoin's SHA-256 PoW consensus mechanism.

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Others fork or are developed from scratch, attempting to create a blockchain and token that appeals to a specific industry or group, such as Ripple's attempt to use the XRP Ledger and XRP to attract the banking industry with a faster payment system.

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Many altcoins are used within their respective blockchains to accomplish something, such as ether, which is used in Ethereum to pay transaction fees. Some developers have created forks of Bitcoin and re-emerged as an attempt to compete with it as a payment method, like the fork that created Bitcoin Cash.

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Most altcoins are designed and released by developers with different visions or uses for their tokens or cryptocurrency. Learn more about altcoins and what makes them different from Bitcoin.

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any cryptocurrency (= system of electronic money used for buying and selling online) that is not bitcoin

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An Altcoin is an alternative digital currency to Bitcoin. The word Altcoin is a portmanteau of "alternative" and "coin", to form "altcoin". It actually refers to a group of cryptocurrencies, ultimately all the cryptocurrencies other than Bitcoin.

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GN base fam Keep based in dreams https://far.quest/contracts/degen/based-16

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UnitedHealth ended up paying a ransom of $22 million in cryptocurrency, its CEO told a Congressional committee earlier this month.

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Although customers will be reimbursed the cash value of their cryptocurrency assets at the time of FTX’s collapse plus some interest, that’s far short of how much money those assets would be worth today given crypto’s resurgence.

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Customers of the cryptocurrency exchange—which imploded back in November 2022 and led to the imprisonment of Sam Bankman-Fried—will get their money back, plus interest, The New York Times reported on Wednesday.

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Xen Baynham-Herd

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