Advantages of altcoins ?

[DumbLefty]

Some altcoins are very beneficial to bitcoin. They have more advanced technology. But few people know about them so bitcoin is now the strongest.

[Trail22]

What advantages do altcoins have that differs it from bitcoin ?

May be different between altcoin one with other altcoin. But basically all have an impact on the market, and all altcoin helps crypto to be as big as it is today.

[Gontxi]

What advantages do altcoins have that differs it from bitcoin ?

Of course. but if it refers to the value of the price it is different. but technologically, there are many new altcoins that are more useful than bitcoins. even as new innovations emerge. but of the many altcoins, only a few will become famous and worth the price

[sword024]

alternative currencies are a positive phenomenon, if only because they create a competitive environment in the virtual money market, which contributes to its promotion and development, including the development of Bitcoin. In order not to get lost among many competitors, each team tries to stand out, giving its currency unique functions and significant potential.

[SindiRokRok]

What advantages do altcoins have that differs it from bitcoin ?

Each altcoin has its advantages and disadvantages. But some altcoin have advantages, can make transactions in high speed and transaction costs are cheaper. All cryptocurrencies have their respective advantages.

[beskid]

Developers altcoin primarily solve the problems that are present in bitcoin.  Among such shortcomings: -Long transactions.  To speed up the transaction time, other algorithms are used.  In addition, crypto-currencies with a smaller volume of units are more likely to calculate the necessary operations.  -Inadequate amount of anonymity.  Although the transactions of crypto currency are considered to be sufficiently encrypted, the sender and receiver can still be tracked.  To avoid this, some altcoyins use additional encryption methods.  -Difficult and expensive mining.  The constant complication of bitcoin mining requires more and more resources for the formation of new blocks in the Block chain.  Alcoins offer alternative mining protocols that allow them to deal with users without complex hardware.  -Inadequate functionality.  Bitcoin is a crypto currency, its main task is to be a tool for settlement transactions.  Altcoins add additional functionality, for example, the creation of smart contracts.

[Matic]

The thing about altcoins is that they help to cover up whatever gaps that bitcoin leaves in the market. If there is a sector or a service that bitcoin cannot be used for then you can be sure that there is an altcoin out there that can do exactly that for you as different altcoins have differnect use cases

Of course I agree with you about the gas that bitcoin has in the market. Alternatives are filling all those missing things that we want to have in Bitcoin, and we don't have.

[skaya7]

It is ideal for low-budget investors, as they are more likely to lose compared to BitCoin. Especially when bitcoin is increasing, now subcounts are twelve times ten times, which increases the profit rate.

[Omighty28]

What advantages do altcoins have that differs it from bitcoin ?

For me the advantage is a little bit analytical and simple. It is easy for an Altcoin to cover an 100% increase compared to Bitcoin in the same time frame. So in result, this looks attractive to investors.

[Omighty28]

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

An example is the Dragon coin (DRG) that dropped from around $0.9 to $0.1 last week, that's a huge loss for the early investors, but consider those who invested at $0.1 and now (within a week), DRG is just above $0.2, that's 100% increase, a very huge multiplier. In this same time frame Bitcoin has moved from around $5800 to $6600... Huge increase too, but little compared to the percentage increase of DRG.

[MisterLangley]

If I refer, actually between altcoin and Bitcoin is the same process. Only the most hunted altcoin and the highest exchange though will eventually be fixed on Bitcoin. This in my opinion, can be different according to others.

[malading]

Each altcoin setting has a different place, but most new altcoins have similar places. Compared with Bitcoin, these altcoins trade faster and are easier to mine and obtain (transactions can be produced), and the prices of these altcoins are generally lower!

[gokusenpai0302]

What advantages do altcoins have that differs it from bitcoin ?

Well, one thing you will notice in an altcoin is relatively cheaper than the Bitcoin which cost you 6000$ in 1 coin. If you want to hoard coins, you can invest many coins with 6000$ if you want to invest in altcoins rather than the BTC, but make sure that you have to choose potential coins so it will be secured.

[Adunni6758]

One of the advantages i have observed is that there are so many altcoins with their platforms, that have improved on the speed on transaction. While bitcoin blockchain delays transaction process. Presently, i also noticed that so many altcoins give more profits in the long run than investing into bitcoin.

[banhtrnag9999]

There are plenty of advantages and disadvantages. well, firstly altcoins have team of developers elaborating better ways to speed transactions with lower fees, just compare BTC and ETH, ethereum is far faster and you don't have to pay too much to transfer money

[NeedIfFindIt]

Altcoins are constantly trying to overcome bitcoin, so their developers are constantly improving their technologies in order to make them better options for investing.

[tuquyen44]

There are different ways in altcoins, which can be made to make more profits by investing. The biggest advantages is that their bitcoin reduces the value, which can easily be bought and sold on more profits.

[Baofeng]

I guess everyone spoke about the speed of transactions and confirmation times is one very obvious advantage of altcoins over bitcoins. It was evident during the madness of December, bitcoin transaction fees multiple many folds, while altcoins remain the same. So you have to do like bitcoin->altcoin conversion if you wanted to get your investment quick (but may suffer losses along the conversion.)

[coinplus]

Some altcoins are very beneficial to bitcoin. They have more advanced technology. But few people know about them so bitcoin is now the strongest.

Well, maybe you could start by listing some of them so we can take you seriously. One thing is that altcoins have their own space to fill and so is bitcoin. The thing with some of the altcoins is that they are not beneficial in anyway and they are just bitcoin clone trying to do what bitcoin could not do, but I guess since they are not going to end up being used on large scale as bitcoin, we may not actually get to know if they are for real or not.

Other altcoins with products anyway helps the space to grow most especially when they come with very unique products that will end up being usable in the long term.

[ocid]

I guess everyone spoke about the speed of transactions and confirmation times is one very obvious advantage of altcoins over bitcoins. It was evident during the madness of December, bitcoin transaction fees multiple many folds, while altcoins remain the same. So you have to do like bitcoin->altcoin conversion if you wanted to get your investment quick (but may suffer losses along the conversion.)

yes it is one of the advantages of altcoin that has a transaction speed and less confirmation time. but when viewed from its deficiency, altcoin has many deficiencies than bitcoin, the presence of altcoin is more easily extinct because of the enormous competition with various other types of coins that can easily be defeated by the type of coin that has more investors