Topic: What makes Bitcoin different from alt coins? - page 3. (Read 407 times)
Bitcoin is only coin in blockchain which proved to be most successfull in blockchain network rest coins followed the success
What make bitcoin the giant of all other cryptocurrencies is simply the fact that bitcoin is the pioneer crypto it was bitcoin first before the coming of other alt coins, and also the price of all other cryptocurrencies depends on bitcoin because bitcoin is the foundation to their success in the cryptocurrencies world and market. None other cryptocurrencies can compete with bitcoin in term's of technology, value, capacity, and potentiality all this is what makes bitcoin the king of cryptocurrencies.
I think we are at that point where we should stop calling it altcoins because most of them are getting momentum and we should understand that they have their own philosophy of executing a decentralized payment system. When it comes to the Bitcoin, I think a strong user base, first mover advantage, and strong price on the market makes it different from the altcoins. However, we have to work on the issues like high confirmation time and high transaction fees.
Can we expect altcoins to reach the success of Bitcoin? and how long would it take? what are success metrics?
i doubt it, because of so many popping new crypto nowadays, i dont think not single one altcoin can reach what bitcoin has gone before. because of the market share of these competing cryptocurrencies, that is what special about bitcoin, so many altcoin have popped up but still bitcoin is on top. nobody beats the original as what they say. some cyptocurrency are not yet stable as bitcoin in terms of market share. bitcoin is the pioneer among other crypto.
Its a one word that Bitcoin is the leading coin in the world cryptocurrency world. All coins price is depending or related to Bitcoin.
Bitcoin is well-known cryptocurrency as we all know that ..and many people most used bitcoin ..we can buy something from it..we can exchange money from it we can trade through it we can invest through bitcoin. While Altcoin or Alternative currency is created to compete for bitcoin and to solve a once problem of bitcoin which is rapidly decreasing ..they come up to create alternative coins to solve this problem and they think that maybe altcoin can overrule bitcoin in the near of future..but still bitcoin is more powerful than altcoin why? Because you can not buy altcoin without bitcoin..you still need to buy bitcoin first before you get altcoin. 
Can we expect altcoins to reach the success of Bitcoin? and how long would it take? what are success metrics?
The difference is that bitcoin is the king of all cryptocurrencies. I don't expect that altcoins can reach the success level of bitcoin and it it takes a long time for them to achieve it and that will only come to reality if bitcoin is already dead.
In my opinion, bitcoin is different from the other altcoins because it is the first and original crypto currency ever to be the most successful where its price market value had surge to that level. Many people believed and trusted bitcoin than the new alt coins because of what it had accomplished. Many people are quite skeptic for these new crypto currencies whether they will invest or not since these altcoins are just beginning to build up its reputation.
I agree, that bitcoin is different from the other altcoins since it had already prove to the people that it had achieved the highest currency rate ever in the history of cryptocurrency market. Many bitcoin users believed that this may still dominate from the rest apparently because new altcoins are just begining to start building up its name where they need to be recognize within the other competing crypto currencies.
In my opinion, bitcoin is different from the other altcoins because it is the first and original crypto currency ever to be the most successful where its price market value had surge to that level. Many people believed and trusted bitcoin than the new alt coins because of what it had accomplished. Many people are quite skeptic for these new crypto currencies whether they will invest or not since these altcoins are just beginning to build up its reputation.
Altcoin is based on consensus algorithms rather than mining, meaning transactions can be confirmed in seconds; the supply of copycat money is fixed at 1% a year; the copycat currency is designed to allow you to trade selected digital currencies. We hope that the cottage money itself, mainly as a behind-the-scenes currency, hoping that the cottage money network can help provide more liquidity among currencies.
For now, even if a currency goes beyond bitcoin in technology, it takes a long time to validate the value beyond bitcoin, and I firmly believe that Bitcoin's influence will grow in the future.
At home, there are many platforms such as polycoin and bit era, and some platforms although there are many cottage coins, but the trading volume is small and not very valuable.
For now, bitcoin is by far the most popular decentralized virtual asset, but no one can guarantee it forever. There are already some alternative assets inspired by Bitcoin. However, a more reasonable assumption is that new assets need major improvements before they can replace bitcoin in the established market. Of course, these are still unpredictable. Without changing the basic composition of the agreement, Bitcoin may also adopt some measures to improve competition assets. Private feel cottage coins can only occupy some bitcoin market, but it can not replace bitcoin.
Bitcoin: Technically, it's recommended to read "Bitcoin: A Peer-to-Peer Electronic Cash System." Capital is relatively early and relatively massive.
altcoin: Bitcoin is generally a system of this bit, but also draws on the source of bitcoin. But can do a large cottage currency, the technical level generally have innovation.
altcoin: Bitcoin is generally a system of this bit, but also draws on the source of bitcoin. But can do a large cottage currency, the technical level generally have innovation.
Can we expect altcoins to reach the success of Bitcoin? and how long would it take? what are success metrics?
As far as i know on how bitcoin differ on other coins and what makes it even better than other coin is that bitcoin was the first in decentralized exchanges. It was also the most successful cryptocurrency as of now in which it became the barometer on how other altcoins want to achieve.
Here is the answer you're looking for: https://en.wikipedia.org/wiki/Network_effect
Bitcoin has the biggest network effect. It's really hard to overcome that (but not impossible).
Bitcoin has the biggest network effect. It's really hard to overcome that (but not impossible).
Actually its not that btc can not be compared with other alt coins, its just that btc leads the way and has gained more prominence than them all. However, with the years rolling in, many of these coins will check the hegemony of btc.
I would be surprised if at least one of the competition don't overtake Bitcoin; however, whichever manages to make payment by cryptocurrency "invisible" to novices (operating behind the scenes) will really make out well.
In my humble opinion, Bitcoin is the most recognizable cryptocurrency that's why it is getting more and more popular. Many websites talk about it. Furthermore, Bitcoin is the most valuable cryptocurrency and it is a pioneer among all. I'm convinced that in the near future any cryptocurrency won't manage to catch up Bitcoin with value.
Its a one word that Bitcoin is the leading coin in the world cryptocurrency world. All coins price is depending or related with Bitcoin.
Bitcoin has the first mover advantage, and is the face of cryptocurrencies as a whole, so up until now, the success of cryptocurrencies was heavily reliant on the performance of bitcoin. This year, we may see altcoins breaking away, because calling coins like eth and ltc alts is starting to be disrespectful. It may take a long time for alts to reach bitcoin's price point, but I think some will eventually get there.
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