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Expert Take
Any cryptocurrency that has launched since Bitcoin is referred to as an “altcoin” (BTC). Developers cloned the open-source code of Bitcoin in its early stages to produce alternative currencies. With differing supply cycles and privacy features, various Bitcoin alternatives started to drift more from its forerunner over time. These include, among others, Zcash (ZEC) and Litecoin (LTC).
A proliferation of Bitcoin-altcoin trading pairs appeared alongside altcoins, spurring a rise in market activity as investors took advantage of the erratic nature of these digital currencies to earn high-risk profits.
As a greater variety of use cases for the technology have been feasible, the advent of altcoins and their corresponding blockchain networks heralds a period of experimentation and maturation within the cryptocurrency sector.
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