Beyond Bitcoin: The Cryptocurrency World
When you mention cryptocurrencies, most people first think of Bitcoin. But in reality, Bitcoin is just the tip of the iceberg in this vast digital asset ecosystem. Since Bitcoin's inception in 2009, thousands of alternative digital assets based on blockchain technology have emerged. These assets, collectively known as "altcoins," have formed a complete ecosystem parallel to Bitcoin.
According to the latest data, over 16,500 cryptocurrencies are in circulation today, with Bitcoin accounting for only about 45% of the total market capitalization. The combined value of all altcoins has reached approximately $1.4 trillion, making up around 55% of the entire crypto market. This means altcoins have become an important asset class that investors cannot ignore.
What is an Alt Coin? Concept Clarification
The term "altcoin" originates from "alternative