altcoin: past, present and future

In the field of digital currencies, altcoins have attracted significant attention since their inception. In 2011, two years after the emergence of Bitcoin, the first true altcoin – Litecoin – was created. Its creator, Charlie Lee, modified Bitcoin's code by reducing block generation time and altering the algorithm, opening the door for altcoins. Since then, various altcoins have begun to appear like mushrooms after rain, most of which copy Bitcoin or Ethereum, are developed by small teams or individually, are created using similar technologies and algorithms, and their names often represent distortions or imitations of the main tokens, with their value significantly lower than that of the main tokens.

Early altcoins were mainly simple imitations of major tokens, such as changing the block confirmation time of Bitcoin, total issuance volume, and other parameters to create new tokens for funding purposes. However, with the development of the industry, some altcoins began to introduce technical innovations, such as Ethereum, which transitioned from simple copying to multifunctionality through smart contracts, leading the development of altcoins and encouraging more altcoins to explore innovations in consensus mechanisms, transaction speeds, and privacy protection. In terms of market performance, altcoin prices fluctuated significantly, creating a myth of wealth, as seen with Dogecoin, whose price skyrocketed due to Musk's promotion but also plummeted due to lack of technical support, resulting in losses for many investors.

However, altcoins are currently facing unprecedented difficulties. The working group on digital currencies in the USA and the SEC are tightening control, imposing higher compliance requirements for altcoins, and many non-compliant projects are undergoing restructuring. Malicious actions by project teams have also seriously undermined trust in the market, as some project teams at the early stages of the project captured a large number of tokens through pre-mining and other methods, and then sold them off for cash, leading to a sharp decline in token prices and complete losses for investors.

Looking to the future, the direction of altcoins is full of uncertainty. On one hand, if altcoin projects can actively comply with regulatory requirements, enhance technical innovations, address existing issues of security and trust, and build a stable community and ecosystem of applications, some quality altcoins may still find their place in the market and become digital currencies with unique value. On the other hand, if regulation continues to tighten and project teams continue to ruthlessly profit, altcoins that lack technical and practical support are likely to be pushed out of the market and gradually disappear. Investors, when facing altcoins, should maintain high caution, carefully studying factors such as the project's background, team strength, technical innovations, and market potential to avoid significant losses.
The broadcast will start soon, if you want to know specific actions and points on altcoins, come to the live stream.