Currencies other than bitcoin such as litecoin and dash are popularly known as
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Litecoin is presumably bitcoin's nearest equal as far as the utilization case.
As the term 'altcoins' implies all digital forms of money which are not Bitcoin, there are many altcoins.
Organizer Charlie Lee has, on various events, said the cryptographic money can be utilized for installments since it's speedier than bitcoin.
Litecoin is fundamentally the same as bitcoin aside from it has four fold the number of coins.
Currencies other than bitcoin such as litecoin and dash are popularly known as "Altcoin"
It is a cryptocurrency token which stands for Alternative to Bitcoin. These are produced by deviating from Bitcoin consensus rules. If they finds blocks quicker, it implies that a transaction involves more verification's for a similar level of security. The first Altcoin was created in 2011 and it was named as "namecoin". Some altcoins use a different hashing algorithm(SHA-256) which makes them unique from bitcoin. These are exponentially more volatile. One of the popular altcoin is "Litecoin" as of 2017. It completes blocks every 2.5 minutes on average.
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