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In this video, I clarify the principle options of how any cryptocurrency works with a pockets, an change, a blockchain and miners. Then I clarify the well-known Altcoins. The alternate options to Bitcoin and why they had been found. I take the instance of Litecoin, Ethereum and Ripple.
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0:00 Introduction
1:40 The Need for Altcoins
4:47 Feature 1: Blockchain
5:24 Feature 2: Cryptocurrency change
6:12 Feature 3: Miners
7:50 Feature 4: Wallet
9:23 Ethereum Coin
10:58 Litecoin
11:30 Ripple Coin
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