what is altcoin?

Altcoins refer to all other cryptocurrencies apart from Bitcoin. They include a diverse range of digital assets, each designed to address specific issues or offer unique features that Bitcoin does not. Examples of altcoins include Litecoin, which offers faster transaction times; Ripple (XRP), which focuses on bank and payment network integrations; and Cardano, which aims to provide a more secure and scalable platform for dApps. Altcoins contribute to the expanding ecosystem of blockchain technology by introducing innovations and alternatives to Bitcoin.