What is the difference between altcoin and bitcoin ?? - page 5.

DeepChipolino

member

Activity: 658

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This has already been explained to you seriously. I will allow myself a frivolous explanation.
Imagine a bunch of shit. There are several cherries on top of this heap. The most mellow and beautiful cherry is 50 times larger than the rest. So, the biggest cherry is Bitcoin, and the smallest cherries are the best altcoins. And a bunch - the rest of the altcoins Grin

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ahmia39

sr. member

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Trident Protocol | Simple «buy-hold-earn» system!

You can read it on this site https://carainvestbisnis.com/5-perbenti-bitcoin-and-altcoin-yang-most- prominence/, if you don't understand Indonesian, then use the translation into English.

blckhawk

sr. member

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Quote from: Aditya091297 on October 24, 2019, 08:35:52 PM

I am a Newbie member, and my knowledge about this is still very low
What is the difference between Bitcoin and altcoin in more detail Huh

thanks admin

To summarize and hand you some takeaways from as far as my knowledge can provide, here are some keypoints to remember about bitcoin and altcoins.

Bitcoin - the first decentralized cryptocurrency.
   a. Decentralized, exists on every full node on the network.
   b. Limited supply, therefore deflationary.
   c. Development of features is slow, but is good to ensure security.
   d. No central founder/institution. Made by a person named Satoshi Nakamoto, which identity isn't verified until now.

Altcoins - variations based on Bitcoin's network and blockchain framework.
   a. Over 4,000 altcoins exist in the market.
   b. More prone to full shut down in times of crash.
   c. Some are decentralized, while others like stablecoins are manipulated.
   d. Often features something Bitcoin still does not have.

Kvalentine

member

Activity: 504

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Quote from: Aditya091297 on October 24, 2019, 08:35:52 PM

I am a Newbie member, and my knowledge about this is still very low
What is the difference between Bitcoin and altcoin in more detail Huh

thanks admin

I see that few other members have already explain the difference between bitcoin and altcoin so i am just going to give you few advice because you are a newbie

1. Forget about money making first
2. Spend some times on past histories of bitcoin and altcoins, it will help alot
3. Understand what demands and supply means, try to know what keeps those coins alive
4. Ignore any money doubling offers, there is no such thing as free on the internet, no matter how genuine they seem its all lies
5. Crypto requires hardworking and learning

SaidNurs

jr. member

Activity: 176

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Quote from: Aditya091297 on October 24, 2019, 08:35:52 PM

I am a Newbie member, and my knowledge about this is still very low
What is the difference between Bitcoin and altcoin in more detail Huh

thanks admin

Simply put, bitcoin is the main coin that was born first, while altcoin is an alternative coin that was born after the existence of bitcoin. So bitcoin is the parent of altcoin or other coins.

tenakha

hero member

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Quote from: Aditya091297 on October 24, 2019, 08:35:52 PM

I am a Newbie member, and my knowledge about this is still very low
What is the difference between Bitcoin and altcoin in more detail Huh

thanks admin

Watch out for the market: Apart from Bitcoin and its forks(https://en.wikipedia.org/wiki/List_of_bitcoin_forks), all the remaining coins and tokens are altcoins. Since BTC was the first to be created, the ones created after that are called altcoins(alternative coins). I can not generalize the difference between them, you will learn it yourself as time goes by.

Aditya091297

newbie

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