Shane Andrew Smith-03/11/2024

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Journal Entry

Critical Thinking Response:

Most of the altcoins have their own features or pricing that fit into the broader digital economy by providing a process, price, or service that fits the needs of different segments of users of digital currency.

By combining with Bitcoin or with each other, altcoins can increase the uses of blockchain to include more users, people, and processes. Having choices is good for competition and for prices for consumers.
Altcoins are not owned or controlled by any central entity or government and they allow access to new companies and people who would otherwise have a hard time breaking into the economy.