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Altcoin

The word “altcoin” is an abbreviation of “Bitcoin alternative,” and thus describes every single cryptocurrency except for Bitcoin. Altcoins are referred to as Bitcoin alternatives because – at least to some extent – most altcoins hope to either replace or improve upon at least one Bitcoin component. Popular altcoins include Litecoin, Ethereum, Dogecoin etc.

Note: These are non-technical definitions meant for a general audience and should not be used as legal definition
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