Alternative currency

Apart from tokens, which are built on top of existing blockchains, there are various alt currencies fueled by either having their own blockchain and/or any other improvement or differentiating factor.

Here are some of the factors that have been modified on the Altcoins, when compared to Bitcoins:

• Monetary alternatives
• Consensus alternatives

We will discuss each of these alternatives in detail, and then afterward we will discuss some of the widely used Altcoins and what modifications they have over Bitcoins.

Monetary alternatives

Bitcoin is limited to 21 million coins, and it has a declining issuance rate, including a 10-minute block generation time, which takes a lot of confirmation time; it also takes a lot of time in further coin generation. A lot of Altcoins have modified a number of primary parameters to achieve escalated results. Some of the prime coins that have modified monetary parameters are Litecoin, Dogecoin, Ethereum, NEO, and so on.

Consensus alternatives

A consensus...