What Are AltCoins?
Altcoins are the next big thing in digital currency. Many of the big players in the Forex, FX and other markets are moving to trade in altcoins. If you are new to trading in the Forex or just looking for a high quality investment vehicle, then you should definitely take a look at altcoins. They have been gaining in popularity as of late, and for good reason. But which altcoins are the best?
There are several different types of altcoins, but perhaps the best known are the stablecoins. The stablecoins are much like the US dollar and Euro, except they are traded on the global Internet instead of in a physical location. Some of the more popular stablecoins include the Swiss franc, the Canadian dollar, and the Australian dollar. These types of coins usually come in bundles of up to 5. This means that you can buy a bundle of a hundred, or even thousand, and know that you will get the same value for each coin, with the exception of the Euro which moves more than one point in either direction.
As mentioned earlier, the stablecoins are not tied to any one particular currency. This makes them very nice investment vehicles as well as useful for diversifying your assets. In fact, there are several different types of altcoins planned for the future. Two of the most popular will be the Greek and the Swiss coins which will likely be issued in their respective countries in the future. Other possible currencies will include the Japanese yen and the Chinese renminbi.
Another type of altcoin being introduced in the future will be the platinum coin. Unlike the previous altcoins which functioned as a way to test the idea of digital money, this new type will actually be issued in the future as legal tender. This means that the amount of money created from issuing these coins will be capped and it will be illegal for a company to mint more new coins than there is a need for their supply.
The final type of future Altcoins that have been discussed will be the Litecoin. This will be introduced into the market in the years ahead. Like the Swiss and Eurocents, the Litecoin will likely be issued as a legal tender and will have a specified number of units that must be purchased by a person in order to obtain one (with a maximum unit value of fifty thousand). Some researchers believe that it is possible that in ten years the Litecoin will be the first online virtual cash.
Altcoins are an exciting new technology that allows people to test out the idea of creating digital cash through a process that involves running smart contracts between two parties. These smart contracts can transfer a specific amount of money from one place to another in the span of just two.5 minutes. In addition to providing individuals with the opportunity to test out this new concept, Altcoins also allow business owners and institutions to make the most out of their valuable real estate. Many businesses pay a monthly rental fee for space on their premises and using Altcoins can save them thousands of dollars every month in expenses.