meant to inform. In school, the announcements might say whose birthday it is and what clubs are meeting after school. In a store, an announcement might mention a sale or a lost kid who’s looking for her parents. The President makes lots of formal announcements, like the decision to run for re-election. So basically, if it’s announcing something, it’s an announcement.
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Altcoin or Alternative coins are those which are alternative to Bitcoin. There are hundreds of Altcoin, each with different individual features and functions. Bitcoin involves many problems and it is not perfect. Altcoin creates a different version of Bitcoin. The popularity of Altcoin is measured by the market capitalization, which means how much money or capital is invested in an asset when measured in dollars.
The main reason for Altcoin to emerge was to improve Bitcoin flaws and to somewhat, try to compete with bitcoin by innovating and developing new features to improve and improve on bitcoin limitations.
Another important factor was the transaction time. Many Altcoin like Litecoin (LTC) and Fast coin (FST) have blockchain update times of one minute or under, which is a lot faster than bitcoin.