What is the difference between Altcoin and Bitcoin?

[golek upo]

Alt coin = alternate coin
Bitcoin was the first ever crypto currency invented, so every coin came in market is an alternate coin, we call them altcoin in short.

yes, bitcoin is a master of a variety of coins. because the price of bitcoin continues to experience a significant increase, then a lot of developers who creates ALTCOIN as a coin alternative

[1714656842]

1714656842

[Feuerbach]

Besides from the spelling, what are the differences of bitcoin from altcoin. Thank you.

Altcoins are all cryptocurrency, except bitcoin. Bitcoin is the first cryptocurrency, which is the most known, which is a technological breakthrough.

[messi_oc]

While they may be in direct competition now, altcoins may eventually find their own niche an work in accord with Bitcoin, with each performing its own specific role in the market. For instance, smaller transactions for Brick and Mortar stores could utilize Litecoin or Dogecoin, while Bitcoin could be used for larger or interstate payments. For untraceable transactions, we can have Monero, and Etherum would be the go-to currency for smart contracts.

[jelly19]

When talking about bitcoin in the cryptocurrency world, it can easily be likened to gold on steroids. Bitcoin came out in 2009 and is the first and by far the most popular cryptocurrency out there. Cryptocurrency experts have speculated that as of this year, bitcoin is experiencing its second wave of adoption. But when it comes to altcoin, its goal is to improve and diversify the bitcoin concept. Due to the competitive market, users will get better cryptocurrency alternatives in the future.

[Franklin Pierce]

Bitcoin is the “original” cryptocurrency and ultimately responsible for the invention of blockchain technology. It basically was (and still is) a beta test of the technology, and it doesn’t actually work all that well. Many bitcoin evangelists now refer to it as “digital gold” or a “store of value” since it basically no longer works as a currency for most people. Can you imagine going to the market and paying $25 in fees and waiting 4 hours to pay for your groceries? Obviously that is not realistic.

Altcoins are generally defined as “everything else.” Although some might not refer to Ethereum as an altcoin, but certainly the 1500 other coins out there are considered “alts.”

[joselitobayagbag]

Bitcoin is the foundation of all the cryptocurrencies,the first of its kind or the alpha and the altcoins are the successors of bitcoin which means they came from the same code which is bitcoin's code.Bitcoin price is the most dominant in our market which makes it the dictator on how will these altcoins or alternate cryptocurrencies will do,alts means alternate to bitcoin.

[Bitcoininspace]

Bitcoin is the main crypto currency. Altcoins are not as liquid as btc and their price depends on the bitcoin's one.

[flying_bit]

both are cryptocurrency but bitcoin is the first ever cryptocurrency and all other coins are alternative to bitcoin thus altcoins.

altcoins basically are all improve bitcoin.

[greenclub09]

i believe there are not much different between bitcoin and any other altcoins, but bitcoin is the first coin on this cryptocurrency market so it is so unique that even when a new coin are born with better to replace bitcoin, they just want to impress the unique of bitcoin and call new coins are Alternative coins to compare with bitcoin.

[yudhistira]

Besides from the spelling, what are the differences of bitcoin from altcoin. Thank you.

The main difference is that you can redeem mainly BTC and Ethereum.
If you have any altcoins, you have to change them to either of them to redeem.

[nguli]

Besides from the spelling, what are the differences of bitcoin from altcoin. Thank you.

the difference between bitcoin and altcoin is from demand and technology factors that bitcoin use is very different, and not only that the total supply affects the bitcoin price movement.

[peleng]

Besides from the spelling, what are the differences of bitcoin from altcoin. Thank you.

The main difference is that you can redeem mainly BTC and Ethereum.
If you have any altcoins, you have to change them to either of them to redeem.

Yes, probably this is the biggest difference between bitcoin and ethereum and other altcoins. It is with this difference that most people come across. All other differences are in the nuances of using the block chain technology.

[Spiero7]

The most striking difference between the two for me seems to be to note a difference between Btc as the apex or first coin in the evolutionary Blockchain technology and every other ones that came after it like ETH and the rest.

[Games.Bitcoin]

Altcoins are alternatives to Bitcoin, they serve the same purpose and function the same way(though there are other differences here and there like the encryption used etcetc.)

[Singwala]

Besides from the spelling, what are the differences of bitcoin from altcoin. Thank you.

Bitcoins are the first crypto currency. And this is also the highest price in the crypto market. Here most of Altcoins depend. So if the bitcoins disappear, the altcoins may collapse and the price drops.

[proexcept]

Bitcoin is the first crypto currency that was created in 2009. After that another crypto currencies mostly based on BTC blockchain were created. So they are now called alternative. Bitcoin is the main coin and all other coins are alternative.

[Omosomofa]

Bitcoin is the “original” cryptocurrency and ultimately responsible for the invention of blockchain technology. It basically was (and still is) a beta test of the technology, and it doesn’t actually work all that well. Many bitcoin evangelists now refer to it as “digital gold” or a “store of value” since it basically no longer works as a currency for most people.
Altcoins are generally defined as “everything else.” Although some might not refer to Ethereum as an altcoin, but certainly the 1500 other coins out there are considered “alts.”

[makuhpal]

Bitcoin is the foundation and it is the first of its kind,the first cryptocurrency has the world to know about which means it is the main foundation of the cryptocurrencies today,altcoins are any coin other than bitcoin these coins are the successors of bitcoin which meant to be the upgrade version of bitcoin but it doesnt seems to be happening that way,as you can see many shit projects are keep poping out from nowhere because they just want to raise so much fund then will run away from these investors at the end.

[cryptobobo]

Altcoins are any currency other than bitcoin,bitcoin was the first cryptocurrency and it was the foundation of all the cryptocurrencies in the market today,if bitcoin does fail all of these altcoins would fail too,that is why most of the investors are keeping their money to bitcoin becaus they know that bitcoin will dictate on how the market will do.

[BTCerm]

Bitcoins still maintain a significant market share when it comes to cryptocurrencies, but some altcoins came up giving it a run for its money.

Given that altcoins come with improvements that the bitcoin lacks, bitcoin developers maintain a high level of innovativeness to ensure that it continues to stay at the top of cryptocurrency trading.

There is always the chance of technical and economic flaws causing bitcoins to die off catastrophically. Altcoins continually work on addressing these identified flaws to create marginally stronger digital currencies. Also, consensus flaws could lead to the bitcoins natural death.

While bitcoins, with community desires, can add utilities similar to those found in altcoins, most cryptocurrency traders prefer to put their trust in a tried-and-tested model rather than having it incorporated as a test drive.