Veröffentlicht: 19.01.2018

Altcoin

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What does Altcoin mean?

The term “altcoin” is comprised of “alt” and “coin”, both words originating from the English words for “alternative” and “coin”. “Altcoin” was only coined in the last few years but has quickly come to be used for all cryptocurrencies other than Bitcoin.

The rapid success of Bitcoins has led to the creation of more and more crypto-currencies. Altcoins frequently offer improved or simply different features from Bitcoins.

These features might include a faster transaction speed, improved privacy, or other protocols used to verify transactions. Such cryptocurrencies can be summarized under the term “altcoin”.

How many Altcoins are there?

There are a very large number of different altcoins. Some altcoins have become established over time as a viable alternative to Bitcoin. Among the best known include Ethereum and Litecoin, which each have their own approach.

These cryptocurrencies have also benefited from the great interest in Bitcoins and have been able to realize huge price gains.

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Recommendation for beginners: Der Masternode Pool Club PoolNode is the little brother of the company GetNode. PoolNode enables its members to participate in a unique Masternode Pool which is already over 100 Bitcoin in size. PoolNode achieves very good results through active management of the pool and continuous acquisition of new master nodes. With GetNode you can participate from 0.2 Bitcoin and with PoolNode from 0.015 BTC.

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The big comparison - Masternodes vs Mining

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In our detailed article on Bitcoin Mining vs. Masternodes, we have compared the different methods of Bitcoin extraction. Bitcoin Mining or Cloud Mining is only worthwhile in very specific market phases. Learn more about this in our article Bitcoin Mining - Masternodes the better alternative!