How Altcoins Complement Bitcoin

The CEO of one of Kenya’s biggest lenders has argued there is a possibility cryptocurrencies will complement mobile money in Africa but first, there is a need to convince regulators of their benefits. African Regulators’ Stance on Crypto Cryptocurrencies can potentially complement mobile money in Africa if regulators on the continent are made to change their perceptions of the digital currencies, the boss of one of Kenya’s biggest lenders has said. According to James Mwangi, CEO of Equity Group Holdings Plc, central banks first need to be convinced of the....

The president of the European Central Bank (ECB), Christine Lagarde, says that a digital euro will not replace cash but would complement it. “A digital euro would give you an additional choice about how to pay and make it easier to do so, contributing to accessibility and inclusion,” the ECB explained. Digital Euro to Complement Cash ECB President Christine Lagarde talked about the digital euro at the plenary session of the European Parliament Monday on the 20th anniversary of the introduction of euro banknotes and coins. “Last year, we....

I have been a vocal enthusiast of cryptocurrency for years now, so much so that now I write about it every chance I get. However, when I write about cryptocurrencies other than Bitcoin, I occasionally get some flak in the comments. Some Bitcoin lovers can be bizarrely, sometimes hilariously, hostile towards altcoins. The comments range from calling whatever coin I’ve highlighted a “scam,” to being admonished for supposedly distracting from Bitcoin, to being angrily ordered to stop “shilling for altcoins.” Make no mistake, I love Bitcoin. As the glorious trailblazer of the new age of....

If you know about bitcoin, then you should be know about altcoins as well. Altcoin is a broad term "coined" to classify cryptocurrencies other than bitcoin. Many bitcoin enthusiasts find altcoins to be a cheap copy of bitcoin. According to them, altcoins do not make the cut and they are a waste of time and resources. As bitcoin technology is open source, its source code is out there and anyone and everyone can use it to develop their own version of cryptocurrency. It is a crowded market we agree, and some of these altcoins don't make any sense. However, we ought to remember that altcoins....

Litecoin is the biggest Altcoin. Even if they do not accurately understand how it works, most people are at least somewhat familiar with Bitcoin. However, once they begin to get involved with cryptocurrency, they may be surprised to learn that there are actually hundreds of types of cryptocurrencies known as altcoins. Altcoins are an intriguing facet of the cryptocurrency landscape, but they are not for everyone. Altcoin newcomers often have many questions, and this guide will provide a brief overview of altcoins to help beginners decide whether or not to invest in them as part of their....