Altcoins refer to alternative cryptocurrencies

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Altcoins refer to alternative cryptocurrencies that are not Bitcoin. They can be based on similar blockchain technology, but often have distinct features, use cases, or innovations.

Examples of Altcoins
1. *Ethereum (ETH)*: Known for its smart contract platform and decentralized applications.
2. *Litecoin (LTC)*: A peer-to-peer cryptocurrency with faster transaction times.
3. *Ripple (XRP)*: Focuses on fast and low-cost cross-border payments.
4. *Cardano (ADA)*: A proof-of-stake blockchain platform emphasizing security and scalability.
5. *Dogecoin (DOGE)*: Originally created as a meme, it has gained popularity for tipping and charitable donations.

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Characteristics of Altcoins1. *Diverse use cases*: Altcoins can serve various purposes, such as decentralized finance, gaming, or social media.2. *Unique features*: Many altcoins offer distinct features, like improved scalability or enhanced security.3. *Innovative technologies*: Altcoins often experiment with new blockchain technologies and consensus algorithms.

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