The Tech Quiz - Season 17

Hello amazing friends, I bring you warm greetings from my part of the workd, thanks for your time and opportunity on my blog, I appreciate your support too through comment and voting on my post. I am here to share my participation on the above contest topic, organised by a very special user @malikusman1 this contest has alot in it, I took my time to read about it very well which is an additional knowledge to me.

Before I proceed, I would love to invite my amiable friends to read through my post after which support and also show their participation too on the above contest topic.

@josepha
@ishayachris
@vickyson

What are Altcoins?

Source

Altcoins are designed by the blockchain which includes all crypto currencies but these coins are not bitcoin i.e any coin apart from bitcoins are called altcoins. Have you heard of these coins? Ripple, Bitcoin Cash, Etherrum etc, they are examples of altcoins and I can say they are the Altcoins that are well known. The complete meaning of Altcoins is the alternative coins.

Bitcoins happens to be the first coin if I am not mistaken and these altcoins are Bitcoin alternatives. Since the year 2011 some altcoins were already in existence but as of then, they are not much but as the years goes by, we have them much and plenty.

With a good observation, we found out that, whenever Bitcoin rises up in price all other coins goes up which means that Bitcoin has a kind of power over these other coins called the altcoins.

Tell us some best Altcoins in the crypto market?

There are somany of these coins, which I have mentioned some above, to answer the above question, some best Atcoins in the crypto market are;

Ethereum (ETH), These ethereum has its present market price and it's the coin that follows the Bitcoin in price. This coin plays its role as expected.

XRP (XRP): this is also an altcoin, this coin is also a special coin, it helps to quickens remittance processes and also when it comes to exchange of currencies. This coin was not known but now known everywhere.

Binance Coin (BNB): This is another coin that is also special, it plays an important role in the exchange of currencies, and also works in line with the Binance exchange.

Which one is your most favourite and why?

I see ethereum as my favorite out of all altcoins because is does alot, the same way Bitcoin has a very big space in the crypto world, I believe and know that, that is how ethereum will be in years to come and even presently, etherium has some factors it posses which is already a hope for a great future. Such has having an ecosystem that is strong, and it has a high impact in crypto market.

Thank you very much my friends, I appreciate your time once more and I hope and believ you enjoyed reading through.