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altcoin
2026-07-08 15:18:12

Over 5,000 Altcoins: Why Do They Exist and What Drives the Crypto Boom?

As of 2020, over 5,000 altcoins exist. This article traces their origin from Namecoin (2011) to the ERC-20 explosion, examining reasons like permissionless innovation, differentiation from Bitcoin, and specialized use cases such as anonymity and smart contracts.

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Over 5,000 Altcoins: Why Do They Exist and What Drives the Crypto Boom?