In the last decade, cryptocurrency has grown from a futurist concept to a viable currency alternative. This has been assisted by the introduction of meme cryptocurrencys, a subset of digital money that has risen to prominence in the last few years. Meme cryptocurrencys are digital assets based on cryptocurrency technology but often backed by memes or comic characters on the blockchain. This essay will explore the history, characteristics, and implications of meme cryptocurrencys, how they influence the cryptocurrency space, and their potential implications or impact on the future of currency.

Altcoins, which stands for "alternative coins", are any coins other than Bitcoin, the original cryptocurrency. They are various digital currencies created to address the perceived flaws in Bitcoin, such as transaction speed or anonymity. Altcoins can also be seen as an experiment in the blockchain protocol, as many attempt to adopt faster consensus mechanisms, as well as provide different application possibilities for a cryptocurrency (Floriozis). Altcoins thus add an extra layer of diversity and competition to the world of cryptocurrency, often spawning innovative solutions faster than the original cryptocurrency