Technological Innovation
Altcoins often introduce new features or improvements upon Bitcoin’s blockchain technology. For instance, Ethereum introduced the concept of smart contracts, which are self-executing contracts that run when predefined conditions are met. This has led to the explosion of decentralized applications (dApps) and decentralized finance (DeFi), a rapidly growing sector. moreover, altcoins like Solana focus on improving the scalability and speed of blockchain transactions. Bitcoin, while a trailblazer, can sometimes suffer from slow transaction speeds and higher fees during periods of high demand. Altcoins can offer solutions to these issues, making them an attractive option for investors who believe in their technological promise.
