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Any cryptocurrency that is not Bitcoin is referred to as an "altcoin." Any cryptocurrency that was launched after Bitcoin was considered an "alternative" because it was the first cryptocurrency.
Because the majority of cryptocurrencies are forks from one of Bitcoin or Ethereum (ETH), some people define altcoins as all cryptocurrencies other than those two. Some alternative coins aim to set themselves apart from Bitcoin and Ethereum by offering new or additional features or objectives, while others employ alternative consensus processes to validate transactions and open new blocks.
The majority of altcoins are created and published by programmers who have distinct goals or purposes in mind for their coins or tokens.
Extra reading:
https://www.investopedia.com/terms/a/altcoin.asp
https://coinmarketcap.com/alexandria/glossary/altcoin
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