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Altcoins are the cryptocurrencies other than Bitcoin. Around 6,000 altcoins are formed after the success of Bitcoin. The main difference between bitcoin and altcoin is that altcoins have different monetary rules. They employ different proof of work algorithms and some of them offer more privacy when compared with bitcoin. But most of them have the least benefits over bitcoin and have less hash power. Even though the exchange rate of altcoins is more volatile, they…

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