The difference between altcoin and bitcoin ?

[tienda 8776]

After the creation of Bitcoin in 2009 then there are many others coin created and all those coin named as an alternative to Bitcoin, so today we have Bitcoin as the first digital coins and we have Atcoin are the alternatives coins.

[Honny143 13612]

In crypto currency history first create coin is bitcoin so this the leader of crypto currency, and then so many projects take inspiration by bitcoin,and create so many coins, but they follows bitcoin so they called altcoins, but some altoins are valuable like bitcoin, but all are crypto currency, bitcoin and altcoins main differences is their Prices  market value and popularity, this is the differences in this both coins.

[Mohssine 1725]

Your topic is really useful i never ask this question to my self, but know i know the answer from your topic, LTC and BTC is the best coin in cryptocurrency world.So this is very useful to me to know it .

[Bohana 2143]

On 3/5/2020 at 10:55 AM, 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.

Thanks for providing a perfect full explanation. But to sum up (in short terms), any coin different from Bitcoin is called Altcoin, as simple as that because Bitcoin is considered the major coin of all coins.

[malik6314193 5449]

I think there is huge difference between bitcoin and altcoin. Bitcoin is known as first ever crypto coin. Bitcoin is known over all the world. 

[Amir Vao 341]

On 3/5/2020 at 2:55 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.

Altcoin is a short of alternative coin. It's a alternate of bitcoin. It's has different Blockchain from bitcoin. Also it's run different nodes and mining.

[Hanan951 841]

Altcoins are better in technology than Bitcoin but in the same time father if all coins still the best coin in the market so all the technology need the movement of btc to put the price and get their important in this field.

[Calvinpriva 17296]

I think the only difference between bitcoin and altcoins its their values, usage and popularity. Bitcoin is the leading in all, thats why when you will talk about crypto currency any where, most of people will think you are only talking about bitcoin. Because they know it more than they know altcoins.

[Hanan951 841]

Even with that they can replace the bitcoin if they want to but until know Bitcoin is theeader as we know Eth is always under bitcoin in price moving as Bitcoin's movement so if they didn't make With all Altcoins a support line and a huge supply to avoid the crash in price with Bitcoin they will stay under bitcoin.

[AmjadBydn 0]

Bitcoin its the first crypto currency ever ! and its the best ever ! 
I think all altcoins dreams to become like bitcoin one day ! but I think its very hard at this time ! beacuse BTC still strong !

[Raven 7817]

On 3/5/2020 at 4:55 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.

Thanks for sharing this information. It helps newbies here in this forum. As far as i know bitcoin is one of the currency that we're using while altcoin is another term for currency. Right?  Correct me if i'm wrong thanks. 

[bentayebsalah 2280]

Bitcoin is the first cryptocurrency to have appeared and any currency after it is called altcoin. There are a lot of alternative currencies currently

[Ali_hmwi 966]

I always see the top coins in the market and they have small and big price, so if the project what give them the rank then all Altcoins have better and a great update in the crypto currency so why Bitcoin still exist is it just because they choose Bitcoin to be number one just as a choice?

[Virgil dijk 1431]

The difference between bitcoin and other althcoins is that bitcoin is the king of other althcoins , bitcoin was the first cryptocurrencies to be made before other althcoins were being made .

[Ch Ayyan 9781]

You share  good  information about bitcoin and  altcoins. Bitcoin  is the king of whole  crypto  currencies. And all crypto  coins outside  the bitcoin  is  call altcoins. 

[Ayush Singh 1175]

Thanks for providing such a great information about the differences between the Bitcoin and altcoins many new beginners are getting confused of it so it was very important to convey this information to them and it is very easy to identify the altcoins and Bitcoin differences Bitcoin is a part of cryptocurrency which is also known as the king of currency and the altoins are the other Crypto coins which are available for trading and investing.

[Dark_Sky 8489]

On 3/5/2020 at 8:46 PM, hamadahajali said:

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.

That's right. 

Bitcoin is the most popular and well known coins here in cryptoworld. 

The difference of bitcoin into alternatives are the price or value of it. 

[Zaino34 0]

There are many differences between these two currencies. We know that bitcoin is the most expensive and popular currency among digital currencies, compared to the bitcoin currency that is still in its infancy.

[jamesvince 2389]

Bitcoin is Father of crypto market because it is the first coin of this market which are created on early 2009 and from only 11 years its price goes to the moon and now we all depends whole crypto market on bitcoin price if bitcoin crashed then all market crashed and if we doing this business then knows this factors of it. Altcoin market totally dependent on bitcoin. 

[Whited35 15285]

Bitcoin is the first and the most expensive cryptocurrency in this world. Altcoins are those cryptocurrencies which are other than Bitcoin and Bitcoin inspired them to come in this crypto world. Litecoin , ETH are some examples of Altcoins. 

[issa123h 0]

My friend bitcoin is the 

Major coine and all other coins

Taking their value from bitcoin

Like :what is the price of Eth?

We see how many btc for 1 Eth

Because btc is the major and the first

[MrGeany 297]

in general there is only one coin and that is called bitcoin. cause it was first of its king. other coins are called altcoins. ETH, LTC and other coins are just alt coin which means alternative coins(compared to bitcoin). that is the simplest explanation i think.

[Saboor 511]

The simple difference between altcoins and bitcoin is not that difficulties, bitcoin is the foundation of cryptocurrency, the first ever come that is successfully and is still progressing while altcoins are other coins created after bitcoin and they are successfully also.

[Jimmy26 987]

Bitcoins are having its own value and importance in the cryptocurrency from the day bitcoin has introduced in the market its getting more higher rates compared to other currencies because of its volatile nature and people are having more fit on with coins to getting profit compared to other altcoins also not all altcoins are volatile as bitcoin.

[Ridam 7455]

If we look in short, the Bitcoin is the father of Crypto currency and it is the first coin based on blockchain network and the popularity of btc is huge more than altcoins. And also the price difference is huge between btc and altcoins.