Altcoin as the name suggests is an alternative to Bitcoin. Crypto enthusiasts developed various coins, some are serious competitors like Ethereum, Solana, Cardano, Ripple, and BNB; some started as a parody like Shiba Inu and Dogecoin, known as meme coins. Altcoins are based on various technologies, with Proof of work and Proof of Stack being prominent. At TheMorningCrypto, we try to showcase the happenings affecting cryptocurrencies and analyze the volatility in the market.
The term "altcoin" is an abbreviation for "alternative coins," which simply refers to cryptocurrencies other than Bitcoin that acquired its status at the top before any other types of coins were produced on the blockchain. Let's look a little further at Altcoin.
XRP, the digital currency created through mining, is gaining traction and appears to be weathering all recessionary monetary storms. The Ripple transaction protocol (RTXP) was first introduced in 2012, and the company was renamed Ripple Labs in 2013.
Litecoin Halving is an act where Litecoin rewards generated each block is halved. In near future, the total Litecoin mined by miners for every block will be reduced from 12.5 to 6.25 LTC. In this post, we will examine its history, functioning, and impact on the price.