The difference between altcoin and bitcoin ?

[mikealexisj 209]

• Bitcoin has long been the king of the cryptocurrency market.
• New coins and tokens have shaken up the status quo with unique use cases and innovations.
• Bitcoin has responded with its own improvements, leading to a healthier market.

 

When it comes to cryptocurrency, Bitcoin has long been the king of the hill thanks to its status as the founder of the young industry and its first-mover appeal. A decade later, the original cryptocurrency is still the most valuable one on the market, at one point even reaching as high as $20,000 for a single Bitcoin. Today it is far from alone in the field. As blockchain (the technology that cryptocurrency is based on) evolved, so did the number of coins available, and the things these new coins' blockchains could accomplish.

These new cryptocurrencies dubbed "altcoins" use the same decentralized concept as Bitcoin but take things a step further with unique features. Ethereum, the second most popular cryptocurrency, introduced the idea of "smart contracts", code that can automatically execute agreements between two parties using blockchain technology. This opened the floodgates for the development of new use cases and applications for crypto.

More importantly, Altcoins have improved on overall functionality, processing transactions faster than bitcoin, and generally scaling to meet expanding demand for their services. As the market for Altcoins continues to expand, it's easy to wonder if Bitcoin's lead will end soon, or if it will be able to keep up with the new generation of cryptocurrencies.

[Migo 7946]

Any different coin from bitcoin is an altcoin, and bitcoin is the first coin ever, and bitcoin is accepted worldwide not like some cryptocurrencies, and he is Less volatile than many altcoins too, so between them when we focus good we will find many differences there, bitcoin has many advantages 

[hamadahajali 394]

There are two sections for cryptocurrencies, the first section includes Bitcoin only, and the second section includes all the remaining currencies, which are called alternative currencies, and because Bitcoin is the strongest, oldest and most popular currency among traders, you find it mainly in every exchange and in every site that accepts payment in cryptocurrencies and is the first currency that is placed in the exchange when The exchange begins to work.

[Sourav43 106]

There are many differences between bitcoin and altcoin.  Among them is Bitcoin, the oldest and most valuable.  And Altcoin is new and its price is very low now.  By investing in Bitcoin and trading, more profit can be made.  And if investing and trading through Altcoin can not be profitable now, it can be profitable if its price increases later.

[The Mighty Frog 86]

There are many crypto currencies list available but the bitcoin is the king of them so it will always be the king as kings are made not born. Altcoin I dont know much about it but maybe it can be good just like bitcoin but a little bit less than the king.

[Humairaakter755 5]

Cryptographic money Bitcoin has consistently been the most costly cash and each one intends to have a bitcoin. it costs more than $9,000 and its value is expanding step by step

[babaji 1228]

5 hours ago, mikealexisj said:

This opened the floodgates

And there is a problem with that. There are just too many cryptocurrencies, with practically no purpose, and if you read many experts opine that, almost 90% of these crypto will fade off or die. If you go back in the past you can see multiple of such coins disappear. The only coins that will remain are the major coins. If you invest in tokens of altcoins make sure you have your profit out, before they all go out of business. 

[Malissa 14]

Wow... this is really an informative post. From this post we clearly knowabout bitcoin and altcoin. Thanks for sharing this post with us.😍😍😍

[Nezar 7169]

Until this time Bitcoin is the most famous and high price coin and it will always be so despite the fact that it witnessed a decline in the price a short time ago that it has risen today

[BrolySSJ 7899]

Bitcoin, having been the first crypto that was introduced to the world, is the most stable coin and all other coins are therefore referred to as altcoins. many of the payments that accept crypto do so in terms of bitcoin and very few accept altcoins. I believe that bitcoin is much more stable than altcoins and that is why the  price volatility of the two is quite different.

[Di viny 19]

Bitcoins and altcoins have huge differences as we all bitcoin was the ever first created cryptocurrency by Satoshi Nakamoto and it is also called the mother of currency  that has much value while altcoins on the other hand are the coins created some years after bitcoins they don't exist without a blockchain industry

[liethAlsamoorix4 284]

There is a difference between currencies. Every currency that has properties that have bitcoin is the most popular and most valuable in the market

[Sunil kumar Behera 489]

Another coin from bitcoin is an altcoin.There is huse difference between these two coin.Bit coin is first established while after some days may altcoin is coming.Many country are accepting the bitcoin.It is a very good coin which can convert various currency.

[Omar Ommeish 4872]

Yes, as you said, Bitcoin is one of the strongest currencies that still maintain its position in the cryptocurrency market, but from my point of view there are many currencies that can be surpassed soon.

[Tanisha19 135]

I think bitcoin is much more popular than altcoin.Bitcoin value is increasing day day. Also it is less risky.Bitcoin is most popular and oldest coin of market. 

[mnbv122 1]

I don't know anything about it but I am very curious about it

[Brand1 1336]

bitcoin is the first cryptocurrency and it is considered the mother of currencies because it contains a large number of advantages such as the high price and the great fame and the speed of its transactions unlike the Litecoin coin and the bitcoin currency is the base currency as for the rest of the currencies it is alternative currencies
 

[iloveyobit 6599]

Simply put Bitcoin preceded other currencies in this field, just as Bitcoin is the one that completely controls the direction of the crypto market, either by going down or going up.

[Efs 164]

For me, the most important separation point of bitcoin comfortable bay is transfer speeds because bitcoin transfer speed is really high and the rate of interruption is very, very high compared to this transfer rate, so I usually use altcoins for small amount of money transfers. However, if we look at the deep difference between bitcoin and altcoin in general, there is not much difference between them logically, all of the currencies working on the blockchain chain, of course, the market volume of bitcoin is too big, but too big altcoin cannot approach.

[BTC Future 3946]

Basically anything in the crypto space can be implemented in Bitcoin. Be it smart contracts, privacy changes, mining, proof of stake. It needs consensus between everyone involved though in order to succeed. Seeing that even segwit split the chain in Bitcoin and BCH I'm predicting that it will be difficult, when the time demands changes.

[magd 5231]

My friend, the difference between the two currencies is very clear as long as the low and high bitcoin hair affects all other currencies, this means that it is the basis and all other currencies are secondary and therefore any smart contract that will be signed will be done according to the main bitcoin currency

[MickLichz 50]

Well to be simple bitcoin is bitcoin and it is unique as it is the first crypto chrrrncy ever created so tge next currency that created are to be considered altcoins or alternative coins and they called in that way because if you cant do anything in bitcoin then you will find the alternative coins.

[George10 9932]

Bitcoin is the mother of all coins because its the first one to be introduced and the other coins that followed later are called altcoins.

[iloveyobit 6599]

Thank you, my friend, for the effort involved, but I think this is very clear and simple. Bitcoin is the first currency in the blockchain made by Satoshi Nakamoto and then the other currencies came next.

[Lover840 0]

On 3/5/2020 at 2:25 PM, mikealexisj said:

• Bitcoin has long been the king of the cryptocurrency market.
• New coins and tokens have shaken up the status quo with unique use cases and innovations.
• Bitcoin has responded with its own improvements, leading to a healthier market.

 

When it comes to cryptocurrency, Bitcoin has long been the king of the hill thanks to its status as the founder of the young industry and its first-mover appeal. A decade later, the original cryptocurrency is still the most valuable one on the market, at one point even reaching as high as $20,000 for a single Bitcoin. Today it is far from alone in the field. As blockchain (the technology that cryptocurrency is based on) evolved, so did the number of coins available, and the things these new coins' blockchains could accomplish.

These new cryptocurrencies dubbed "altcoins" use the same decentralized concept as Bitcoin but take things a step further with unique features. Ethereum, the second most popular cryptocurrency, introduced the idea of "smart contracts", code that can automatically execute agreements between two parties using blockchain technology. This opened the floodgates for the development of new use cases and applications for crypto.

More importantly, Altcoins have improved on overall functionality, processing transactions faster than bitcoin, and generally scaling to meet expanding demand for their services. As the market for Altcoins continues to expand, it's easy to wonder if Bitcoin's lead will end soon, or if it will be able to keep up with the new generation of cryptocurrencies.

Hello there. Bitcoin is the first coin of crypto currency. Any other coin than the bitcoin is considered a altcoin. And today there are a lot of altcoins available in the crypto market.