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
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.