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Author Topic: What is the difference between altcoin and bitcoin ??  (Read 489 times)
Aditya091297
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October 25, 2019, 12:35:52 AM
 #1

I am a Newbie member, and my knowledge about this is still very low
What is the difference between Bitcoin and altcoin in more detail Huh
thanks admin
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October 25, 2019, 01:38:31 AM
 #2

I am a Newbie member, and my knowledge about this is still very low
What is the difference between Bitcoin and altcoin in more detail Huh
thanks admin

You can get the information about your question here https://bigthink.com/technology-innovation/difference-bitcoin-and-altcoins.

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Aditya091297
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October 25, 2019, 01:46:35 AM
 #3

ok,  thks you very much
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October 25, 2019, 02:59:56 PM
 #4

I am a Newbie member, and my knowledge about this is still very low
What is the difference between Bitcoin and altcoin in more detail Huh
thanks admin
Watch out for the market: Apart from Bitcoin and its forks(https://en.wikipedia.org/wiki/List_of_bitcoin_forks), all the remaining coins and tokens are altcoins. Since BTC was the first to be created, the ones created after that are called altcoins(alternative coins). I can not generalize the difference between them, you will learn it yourself as time goes by.
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October 25, 2019, 03:17:30 PM
 #5

I am a Newbie member, and my knowledge about this is still very low
What is the difference between Bitcoin and altcoin in more detail Huh
thanks admin
Simply put, bitcoin is the main coin that was born first, while altcoin is an alternative coin that was born after the existence of bitcoin. So bitcoin is the parent of altcoin or other coins.

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October 25, 2019, 03:24:00 PM
 #6

I am a Newbie member, and my knowledge about this is still very low
What is the difference between Bitcoin and altcoin in more detail Huh
thanks admin
I see that few other members have already explain the difference between bitcoin and altcoin so i am just going to give you few advice because you are a newbie

1. Forget about money making first
2. Spend some times on past histories of bitcoin and altcoins, it will help alot
3. Understand what demands and supply means, try to know what keeps those coins alive
4. Ignore any money doubling offers, there is no such thing as free on the internet, no matter how genuine they seem its all lies
5. Crypto requires hardworking and learning

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October 25, 2019, 03:25:56 PM
Merited by xiboothrezi (1)
 #7

I am a Newbie member, and my knowledge about this is still very low
What is the difference between Bitcoin and altcoin in more detail Huh
thanks admin
To summarize and hand you some takeaways from as far as my knowledge can provide, here are some keypoints to remember about bitcoin and altcoins.

Bitcoin - the first decentralized cryptocurrency.
   a. Decentralized, exists on every full node on the network.
   b. Limited supply, therefore deflationary.
   c. Development of features is slow, but is good to ensure security.
   d. No central founder/institution. Made by a person named Satoshi Nakamoto, which identity isn't verified until now.

Altcoins - variations based on Bitcoin's network and blockchain framework.
   a. Over 4,000 altcoins exist in the market.
   b. More prone to full shut down in times of crash.
   c. Some are decentralized, while others like stablecoins are manipulated.
   d. Often features something Bitcoin still does not have.

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October 25, 2019, 03:34:27 PM
 #8

You can read it on this site https://carainvestbisnis.com/5-perbenti-bitcoin-and-altcoin-yang-most- prominence/, if you don't understand Indonesian, then use the translation into English.


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October 25, 2019, 03:54:03 PM
 #9

This has already been explained to you seriously. I will allow myself a frivolous explanation.
Imagine a bunch of shit. There are several cherries on top of this heap. The most mellow and beautiful cherry is 50 times larger than the rest. So, the biggest cherry is Bitcoin, and the smallest cherries are the best altcoins. And a bunch - the rest of the altcoins Grin.

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October 25, 2019, 04:05:15 PM
 #10

I am a Newbie member, and my knowledge about this is still very low
What is the difference between Bitcoin and altcoin in more detail Huh
thanks admin

Bitcoin was the first and ever recognised digital cryptocurrency, others that were created after bitcoin, irrespective of their names and blockchain, they are all called altcoins.
So simply put:
Alt = Alternate
And together it is alternate cryptocurrency, called altcoin.

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October 31, 2019, 10:55:11 PM
 #11

Bitcoin was the first decentralized, digital coin first introduced in cryporcurrency for transaction. I can say bitcoin is the father of cryptocurrency while altcoin is an alternative coin created after bitcoin and the price is also influenced by the price of bitcoin.

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October 31, 2019, 11:01:54 PM
Last edit: November 02, 2019, 12:31:05 PM by LbtalkL
 #12

I am a Newbie member, and my knowledge about this is still very low
What is the difference between Bitcoin and altcoin in more detail Huh
thanks admin
You can find the details and answer about this on google.
But let me tell you something, Everything created after bitcoins is called "altcoins". Which means bitcoin is the king altcoins are just the fruits but not all fruits are good right. Altcoins have the ability to fit on our daily needs, create some dapps. Etc.

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October 31, 2019, 11:14:36 PM
 #13

Apart from Bitcoin and its forks(https://en.wikipedia.org/wiki/List_of_bitcoin_forks), all the remaining coins and tokens are altcoins. Since BTC was the first to be created, the ones created after that are called altcoins(alternative coins).
That's it in a nutshell, and I couldn't have stated it more succinctly.

Op, you need to be aware that the vast majority of altcoins (everything that isn't bitcoin) are pure crap and aren't worth owning.  You ought to take a look at coinmarketcap.com and look at some of the coins with the highest market cap, ie, the total value of all of a particular coin that's on the market.  Usually the rankings on there are a good indicator of a coin's 'quality' but not always.  Tether is very high on the rankings but it's a stable coin and in my eyes it isn't worth owning.

Tokens aren't really altcoins because they don't have their own blockchain.  They exist on the Ethereum platform usually, and in my opinion most of them were created by scammers.
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October 31, 2019, 11:28:11 PM
 #14

What is the difference between Bitcoin and altcoin in more detail Huh

I think it is an easy question and you definitely can find out the answer only by googling or using "search feature" in this forum.
Even if you are a newbie or beginner, I suggest you try to find out yourself first before asking.  Smiley

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Denreal
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October 31, 2019, 11:42:36 PM
 #15

The most decentralized coin in the cryptosphere is bitcoin and it is the pioneer that has prepared the ground for others to come in.
Altcoins are those coins that were created starting fromm 2013,  including all tokens using the block chain of others.
Ailmand
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October 31, 2019, 11:54:57 PM
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Bitcoin is considered as the main cryptocurrency since it is the first cryptocurrency to become successful. Altcoin, on the other hand, has a lot of variation since each of them is uniquely created for different purpose and each has their own unique function and feature. This forum will be a great help for you to explore about cryptocurrency and blockchain.

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November 01, 2019, 01:12:08 AM
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I am a Newbie member, and my knowledge about this is still very low
What is the difference between Bitcoin and altcoin in more detail Huh
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Coins other than bitcoin are called altcoin because bitcoin is the main currency in the cryptocurrency market. Bitcoin is the first choice because bitcoin is a pioneer in the field of cryptocurrency besides bitcoin is a coin that has the largest market cap value

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November 01, 2019, 01:24:14 AM
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I am a Newbie member, and my knowledge about this is still very low
What is the difference between Bitcoin and altcoin in more detail Huh
thanks admin

Bitcoin is the very first blockchain crytocurrency ever created, the other coins named altcoins in segregation to the level of the projects from bitcoin. That's the people nature whoever do first will always be remember, unlike the one follows after that. For me not much difference in terms of tech since altcoins have known their tech or idea from bitcoin basically same use cases. But altcoin can be modified on usage they wanted to like incorporate in different real world situations.
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November 01, 2019, 01:54:28 AM
 #19

I am a Newbie member, and my knowledge about this is still very low
What is the difference between Bitcoin and altcoin in more detail Huh
thanks admin

There is only one Bitcoin. Only Bitcoin is Bitcoin. Anything else that is not Bitcoin or has a Bitcoin in its name but is not Bitcoin is an altcoin. That is the most basic difference. That is why they are called altcoins because they are alternative cryptocurrencies. Alternative to Bitcoin in other words. Bitcoin is used as a currency, a mode of payment that can be used instead of fiat. Altcoins have different purposes. Some are used for their own ecosystem, some are made for the sake of privacy, and some are used for gambling.
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November 01, 2019, 02:09:20 AM
 #20

No offense mate but what are you asking is a little bit broad. Did you even try first to make a research about it? I advice you to do it own your own first because some of the members here don't tolerate spoonfeeding Grin.

Anyway, let me give my own answer for your question. Bitcoin and altcoins both fall as cryptocurrency. Let's just say that btc is the pioneer and the rest is a copycat Grin (but some of them really got interesting features tho which btc don't have).

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