#traderumour Crypto novice discusses ALT: It's more than just "shitcoins"
As a crypto novice, I finally understand that ALT does not refer to just one type of coin. It actually has two meanings: one is a general term for all coins other than Bitcoin, often called "shitcoins," with Ethereum being considered one of them; the second specifically refers to the token ALT of the AltLayer project, which helps speed up blockchain technology. ALT can be staked to earn rewards, vote on project management, and has backing from Binance Labs. Newcomers must first clarify which specific type is being referred to before proceeding.
As a crypto novice, I finally understand that ALT does not refer to just one type of coin. It actually has two meanings: one is a general term for all coins other than Bitcoin, often called "shitcoins," with Ethereum being considered one of them; the second specifically refers to the token ALT of the AltLayer project, which helps speed up blockchain technology. ALT can be staked to earn rewards, vote on project management, and has backing from Binance Labs. Newcomers must first clarify which specific type is being referred to before proceeding.