Altcoin
By CoinGecko | Updated on Mar 03, 2020
A cryptocurrency or a category of cryptocurrencies that are an alternative to bitcoin. Many altcoins project themselves as better alternatives to bitcoin in various ways (e.g. more efficient, less expensive, etc.).
Related Terms
Proof-of-Authority (PoA)
A consensus algorithm that asigns block validation queue based on identity and reputation.
Mining Reward
The reward resulting from contributing computing resources to process transactions
Staking
The state of locking-in significant amount of token to participate as a validator of a Proof-of-Stake network.
Hey Hey Hey
A term made popular by Carlos Matos who was the spokesperson for the Bitconnect Ponzi. He used it frequently during Bitconnect events to rile up the crowd.
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