Advantages of altcoins ?

[cryptomonotize]

What advantages do altcoins have that differs it from bitcoin ?

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[kimochidesh]

What advantages do altcoins have that differs it from bitcoin ?

It depends a lot on the specific Altcoin as many of them exist only as the leftovers of pump-and-dump schemes intended to make their creators rich. Amway, we all know Bitcoin has a transaction time of over ten minutes on average. And this can take several hours in cases thanks to its very low block size. Altcoins like Dash and Ripple have successfully overcome this problem and has a clear advantage over Bitcoin at this point. Also mining of Bitcoin is much expensive and difficult requires data center for it while Altcoin like ripple can be mined using a mobile phone.

[kayakcrypto9875]

Bitcoin is the first ever cryptocurrency that introduced new method of cash system. Later altercoin evolved with more precision and advanced usability. Like instant transactions, cheaper fees, low consumption of energy , infinite scalability etc.

[alient86]

Main advantages:
1. Higher transaction speed due to the use of improved algorithms;
2. Improving anonymity;
3. More profitable mining.
4. Increased number of functions

[teeevnglst]

In a investors perspective altcoin is par better than bitcoin when it comes to possible potential for its the reason why many people tried to invest on different altcoins. A chance to increase your profit is also the reason why many people lose their earning since they dont consider the risk of altcoins.

[AlisaWhishie]

Each of them is trying to replace BTC in some way, so they are constantly improving in all different issues that BTC really has (such as transaction speed, throughput, and drawbacks of PoW algorithm as well). If you are really interested in technical details, you may want to read about different generations of blockchain, as it seems to me like a right topic to start from.

[Bencus]

Depends on the coins, but generally the newer altcoins tend to have much more sophisticated algorithms. So you can expect fast and cheap transactions.
Plenty of them has some sort of utility, a goal which is built upon.
This goal for Bitcoin was to create the first cryptocurrency, with working transactions and ledger. - Blockchain 1.0
For Ethereum, it was the increased transaction speed with being turing complete - so you can build almost anything onto the infrastructure it creates. - Blockchain 2.0
Newer alts, like EOS, or Wanchain, aims to be Blockchain 3.0 . What it takes to be that is something I dont know, probably undefined yet. But interchain solutions of WAN makes it more interesting.

[Feuerbach]

What advantages do altcoins have that differs it from bitcoin ?

Altcoins are divided into different groups according to their functions. If we consider altcoins as an investment, then they can grow more in price in a shorter period and a greater number of percentages

[Gozie51]

There are in the bid to replace the challenges and short comings of bitcoin which will definitely give any of them that is able to do that. For instance, the scalabity is a major challenge

[ivlvov]

What advantages do altcoins have that differs it from bitcoin ?

Each altcoins has its advantages and disadvantages. In one altcoin, the high speed of transactions in another privacy. Each crypto currency has its own positive features for which this currency is valued by people.

[bedulook]

Most altcoins serve as utility tokens which is use to perform transactions on the project platform. With such coins one can get discount from using that altcoin to make a purchase.

[kenelmark]

the advantages of altcoin are its easy-to-reach price and its many suppliers, while bitcoin is always superior in price and out of supply, that's what I know.

[Afrizky R]

What advantages do altcoins have that differs it from bitcoin ?
[/quote

since many coin alts are made with the intention to outperform the bitcoin, in terms of transaction speed and transaction costs more favorable than others

many more profits are gained depending on each coin alt will be used for what

[Ade A Aziz]

What advantages do altcoins have that differs it from bitcoin ?

In my opinion, each altcoin has a distinct advantage, because it focuses more on developing a functional technology that may be the solution of a problem that lacks bitcoin. For example, altcoin transactions are usually faster and cheaper.

[aardvark15]

What advantages do altcoins have that differs it from bitcoin ?

There is a wide range of variations between altcoins. The transaction fees, transaction times, scalability, can vary. Also, some coins don’t use a blockchain which could have some benefits as well as some drawbacks. There are also altcoins that are designed for specific functions such as platforms for tokens, internet of things, mining, privacy, etc. I think these variations are important because they serve different purposes.

[grendel25]

Altcoins can have the advantage of being more accessible and yet being just as useful as bitcoin but useful in different ways.  For example, Waves has been fluctuating between $5-10 USD for months now and yet it performs similar functions and usefulness as ethereum which has been far more difficult to attain at prices of $500-1000 USD.  Waves is a great technology platform with many smart contracts running which is similar to what Ethereum does.

[fmboyzz]

Faster transaction time than bitcoin. cheaper in transactions than bitcoin. Higher inflation than bitcoin. Can be pumped over 1000x in months. Allows for trading on its decentralized exchange. Can handle more transactions than bitcoin.

[icalical]

You need to specify which altcoin are you talking about. Some of them are just security token and so it is only useful in their own platform. But there are also a lot of currency and they offer their own benefit, some are called privacy coin because it offer a privacy that Bitcoin do not have. While other offering scalable solution which is also lack in Bitcoin. But after all Bitcoin is the King.

[Palider]

What advantages do altcoins have that differs it from bitcoin ?

The most common and known advantage of altcoins to bitcoin is that altcoins are much cheaper than bitcoin. Also if the altcoin really has the potential then it will grow in price by a large margin in the future. So it is sometimes better to invest to altcoin since you can buy many before it actually pump. but also bitcoin is good investment for long run.

[fitsaintbig]

It depends on the altcoins u are talking about . Bitcoin still remains the kings though

Altcoins like NEO,  ETHEREUM might dethrone BTC though few years to come