Simply put, an altcoin is a cryptocurrency that is not Bitcoin, or otherwise known as, the “king” that governs them all! Jokes aside, are altcoins really profitable? Should you trade altcoins? Let’s take a look.
To most people, a blockchain system is synonymous with cryptocurrency. However, it’s amazing how the application of blockchain technology stretches into various industries and is not only limited to digital currencies. Blockchain’s properties such as distributed ledger, immutability, and data protection make it suitable for a wide range of applications in the financial sector.