Why are alt coins created and what are they?
• We’ve seen the emergence of Bitcoin and Ether. Those currencies
represent > 50% of the value of all currencies.
• There are companies creating new coins (ecosystems), which are
known as “alt coins” (Litecoin, Monero, Ripple)
• Alt coins can be built on top of Ethereum or you can create your own
• Whether any alt coins becomes valuable depends on the value they
provide and how they incentivize network participants to participate.