Thanks to Ethereum, 'altcoin' is no longer a slur

That’s changed since 2011. With the emergence of more than 20,000 cryptocurrencies, each linked to different types of crypto projects and tokens. We have also seen the dexterity of coins stretch across sectors of public chains,If “altcoin” refers to non-Bitcoin cryptocurrencies with the same characteristics as Bitcoin, this definition certainly no longer suits all 20,000.

The evolved definition of an altcoin is now far more pinpointed — generally referring to an alternative coin within a particular track. Altcoins are often more advanced in technical features or ecosystem applications, but so far, no altcoin has come close to surpassing Bitcoin in consensus, ubiquity, or market capitalization.

Shaking off this stigma is another story. Ethereum’s status as the preeminent altcoin emerged from new developments in both the wider crypto ecosystem and its own operational capabilities. Technologically speaking, Ethereum hurdled over Bitcoin to become the first public chain to support smart contracts, essentially catalyzing DeFi.Suffice to say, we have noticed the decentralized application and community aspects of Ether’s growth have created a much more vibrant community.

Bestowing the altcoin title on Ethereum back in 2015 made sense, but its expansive applications and growth since then make that classification a bit constricting. And, we haven’t even mentioned the Merge yet.

Amazing $eth

This. Altcoins means innovation and development, mass adoption and accessibility. They are what BTC once we're.

I agree! Ethereum has proven to be centralized, inefficient and development lock-in, so the other projects manage to prove they are better.

Altcoin = shiiiiiiiitcooooooin.

🤔… Stigma. So, you’ve never heard the term, “shitcoin”?!?!?! 🤷🏾‍♂️🤦🏾‍♂️😒🤨🙄🤥

Eth has removed all doubt, Alt coins are just distractions loud noise trying to divert attention away from the real problems that BTC is trying to fix.

Nah. It's still a slur. And Eth no longer meets the requirements being a cryptocurrency

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin, Ethereum Technical Analysis: BTC Consolidates to Start the Weekend – Market Updates Bitcoin NewsBitcoin was consolidating to start the weekend, as prices once again fell below $17,000. Ethereum was trading below $1,300. So, I’ll continue hodl them both bullishly on bfx. 👀 after that drop to the real bottom, where I start spending all USDT I've accumulated this year
Source: BTCTN - 🏆 531. / 51 Read more »

Russia’s Sber Bank Aims for Blockchain Integration With Ethereum and Metamask – Finance Bitcoin NewsRussian banking giant Sber wants to integrate its blockchain platform with the Ethereum blockchain and the Metamask wallet. lifechanging stuff.. 🤯🦄 AIRDROP BNB
Source: BTCTN - 🏆 531. / 51 Read more »

US Senator: Bitcoin Is a Commodity — 'There Is No Dispute About This' – Regulation Bitcoin NewsU.S. Senator John Boozman says bitcoin, although a cryptocurrency, is a commodity. 'There is no dispute about this.' $BTC crypto GIVEAWAY GIVEAWAY
Source: BTCTN - 🏆 531. / 51 Read more »

Ethereum Rival Fantom (FTM) Up 31% After It Was Revealed How Much Money It Has$FTM up 31% in a week, here's the multi-million dollar reason fantom ftm andrecronje fantomftm ftmfinance yearn ether ethereumnews eth $eth $FTM
Source: Utoday_en - 🏆 295. / 63 Read more »

Cardano Network 8 Times More Decentralized Than Ethereum, Here Are DetailsCardano's networking layer eight times more decentralized, report finds CardanoADA ADA $ADA CardanoCommunity And my balls may be found to be 8 times larger that King Kongs.
Source: Utoday_en - 🏆 295. / 63 Read more »