Bitcoin and altcoins

[Ace90]

Hello I'm newbie here.pls anyone can tell me what is the difference of bitcoin in altcoins.

[tukiMiN]

many explanations about this. for me both are almost the same. bitcoin is the first digital currency and altcoin is used as an alternative coin other than bitcoin as digital currency.

[faaty]

In summary, Bitcoin is the first cryptocurrency which uses proof of work, meaning you need to use processor and energy in order to mine.

All other cryptocurrencies are called altcoins. Some of them are really similar to bitcoin; such as Litecoin -more coins, less price-, Bitcoin Cash. Some of them claims they are totally anonymous like Monero, and using different block size

Some of them are quite different technology, like Neo, Waves; proof of stake or smart contracts ,etc.  But all of them uses Blockchain technology.

You need to research yourself after this brief introduction.

[DiniazRosa]

Bitcoin is like USD, popular in the world. Altcoin like Zimbaware currency, useless!

[VitKoyn]

Hello I'm newbie here.pls anyone can tell me what is the difference of bitcoin in altcoins.

If you say altcoins (alternative coins) you are referring to all cryptocurrencies other than Bitcoin because it is the main cryptocurrency. There are now thousands of altcoin already existed and if we discuss here the difference of every single altcoins to Bitcoin it will take long before we finish discussing it here. Some altcoins are very similar to Bitcoin the only difference is they improve Bitcoin issues that are unresolved by core developers and create new coins, like forked coins. The other differences of some altcoins and Bitcoin are the specs it uses like algorithms (Ex. SHA256, Ethash, Equihash), block size, block interval, difficulty adjustment and total supply.

[CryptoScorpio]

Bitcoin is Bitcoin  . Altcoins are other coins except bitcoin. Example for altcoin is Ethereum. Every other coin except bitcoin is altcoin.

[kaeluxdeuz]

Bitcoin is a virtual currency that was created in 2009 by an unknown computer whizz or organisation using the alias Satoshi Nakamoto.
An altcoin is any digital cryptocurrency similar to Bitcoin. The term is said to stand for “alternative to Bitcoin” and is used describe any cryptocurrency that is not a Bitcoin. ... Most popular altcoins use the same fundamental building blocks as Bitcoin.

[macchiato]

Bitcoin was the first cryptocoin that was used in the market. It gave birth to alternative coins. Although the two are made for different purposes, both became useful and powerful on their own. There are a lot of altcoins however only a few remained popular and are being used.

[supermine]

Hello I'm newbie here.pls anyone can tell me what is the difference of bitcoin in altcoins.

Both of them are crypto currencies but bitcoin was launched first of all currency and it is known by world wide so the price of bitcoin is high when compared to the other cryptos.
Altcoin word refers to alternative to bitcoin,so we calling other cryptos as altcoin other than bitcoin.ETH is the best of altcoin and other altcoins are litecoin,BCH,BTG and XMR these are other best altcoins still there are hundreds of altcoin available but most of them will fade away with time passes.

[BitcoinHodler]

the main difference is in usage.
bitcoin is a currency and can work and is working as a currency. currently a lot of people have adopted it as a currency in real world. from small shops selling small items in the real world or online, to big businesses and retail stores accepting bitcoin as payment.

the altcoins are also supposed to be currencies (alternative crypto"currency" is in their name anyways) but they are not acting as one to this date. they all are considered speculative assets. and their only usage is to be traded.

[twobits]

Hello I'm newbie here.pls anyone can tell me what is the difference of bitcoin in altcoins.

Bitcoin is mother of the crypto, and all of the cisculation value in the crypto depends on the bitcoin.
Altcoin has made to fix the scalability of the bitcoin itself with a lot of the improvements in the blockchain. when the transaction in bitfcoin is really slow and people are moving towards altcoin top get cheap fees for their transaction.

[Republicofizmir]

Bitcoin is first cyrpto currency coin
And altcoins are removed after bitcoin
But i don't think about Ethereum isn't like an other altcoins
Ethereum and Bitcoin are opponent.

[bitcointarget]

Bitcoin is a virtual currency that was created in 2009 by an unknown computer whizz or organisation using the alias Satoshi Nakamoto.
An altcoin is any digital cryptocurrency similar to Bitcoin. The term is said to stand for “alternative to Bitcoin” and is used describe any cryptocurrency that is not a Bitcoin. ... Most popular altcoins use the same fundamental building blocks as Bitcoin.

I don't think in the same way with you. If you mean ltc here as the blocks as bitcoin, it's wrong. Ltc was a bitcoin fork at old days, but it's now totally a different thing. We can create stable environment for altcoin without bitcoin.

[barlo357]

The only similarity between the two is they are both cryptocurrencies. And altcoins are any cryptocurrency that is not bitcoin.

[chimcoin]

In addition, all coin are called cryptocurrency but bitcoin been first and the others are called alternative coin (altcoin)

[sarul]

Bitcoin is the main cryptocurrency and coins/tokens that launch after bitcoin is known as altcoin. Bitcoin as the main coin because those altcoins mostly used bitcoin as a benchmark of exchange rates against altcoin.

[coat47]

Bitcoin is the reference because it is the first coin. And the others coins are considered like some altcoin (alternative coin). Today, people consider bitcoin like a gold in the crypto currency world. Btc is the most reliable and the most stable (always in the crypto world) coin. But You must consider the big altcoin and the others.
I wait which coin will counterbalance a little the strength of bitcoin. It’s not good that the bitcoin are alone like that.
The market cap of btc = 118 Bln
and the second ethereum = only 30

[Hichi]

you can think of Bitcoin as the first coin out there. It was basically the first coin that started using the blockchain, which is the technology that all coins on the crypto market are based on. Due to that, the fact that BTC has been the first, it has seen the biggest adoption from users and that's the reason why it has the highest dominance in the market. BTC is valued at about 120 billion at the moment and has about half the market share of all crypto's! That's quite something! Altcoins is anything else. Whenever you hear altcoin it's a coin that is not BTC essentially, since there can only be one Bitcoin and any other coin besides that is just an "alternative" or otherwise "Altcoin". Don't let that confuse you though, altcoins have just as much potential as BTC does and time will show that.

[crairezx20]

I think they are the same cryptocurrency but there are a lots of differences bitcoin is the main crypto that almost business online are accepting bitcoin as payment unlike altcoin that only few company are accepting it and mostly they are just use it for trading purposes..
Altcoin could also alternative since it has own value you can exchange it or use to buy something online depends if its accepted..
You can mine altcoin with computers CPU and GPU unlike bitcoin that you need to buy hardware like antminer s9 to mine bitcoin..

[SiDtHeBeSt]

Well if you want to know the difference between bitcoin and the other alt coins, Bitcoin is the original cryptocurrency which has gotten very successful with gaining alot of popularity and its price has kept on increasing(currently crossing 8k).After seeing bitcoin being such a huge success alot of different people started their own coins like bitcoins expecting its price to increase as bitcoin's did and to be successful. They usually differ by some features.