Hi all!
I left the crypto world at the mid-2018, after reading several prediction stating that "the bubble will burst at 2020". But, it turns out to be the opposite. Now, I started to follow back the crypto world, logging in to my wallet and surprised about the value now!
I was wondering, so many new altcoin has been using Etherium network, and is it true that there's no more new altcoin that is minable?
Or, appreciate it if someone would explain in simple word. It seems to be completely new to me now!
Thank you
First of all predictions are not accurate so no need to trust any of them and make decisions with your own money. Look what is the result for not giving attention to such shits.
The altcoin is a term used to call every cryptocurrency other than bitcoin so it consists of everything from tokens and coins. If you see a project is using ethereum network or some other coin's network then it is actually a token, not a coin.
PoW and PoS are the two categories of cryptos were existed, bitcoin is based on PoW (Proof of Work) so the coin is mineable and the other one PoS (Proof of Stake) is premised.