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Author Topic: what is the difference between bitcoin and crypto?  (Read 218 times)
reagansimms
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December 30, 2022, 03:29:55 PM
 #21

hi friends everyone? This is my first post, and I'm not experienced in the world of crypto. I want to ask, what's the difference between bitcoin and crypto? I hope all my friends can explain to me,,?
Welcome to the forum, we always welcome anyone who just joined here with open arms.
The positive value that I catch here, you don't feel reluctant to ask about something you don't know. Actually the question above is very simple, you can get answers through searching on Google.

I will try to answer your question even though several seniors answered your question first.
Cryptocurrency is a digital or virtual currency guaranteed by cryptography. With cryptography, Cryptocurrency is almost impossible to counterfeit. Another definition of Cryptocurrency is a medium that can be used to make transactions between users without the need to go through a third party.
While Bitcoin is one of the many types of Cryptocurrency, Bitcoin is the oldest and most popular Cryptocurrency among other crypto assets.

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Kaliandra (OP)
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December 30, 2022, 04:12:21 PM
 #22

While some people will probably have different opinions with this(maximalists on Twitter) — in general, bitcoin is bitcoin(which is a cryptocurrency), and cryptocurrency is the broader industry of other blockchain-based coin/token projects.



* If you like reading articles: https://coindesk.com/learn
* If you like reading books: https://theinternetofmoney.info/
* If you like watching videos: https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj

Security related:
* https://cryptosec.info
* https://www.lopp.net/bitcoin-information/security.html

If you want to get more technical
* https://github.com/bitcoinbook/bitcoinbook#chapters

the input you provide is very good and valuable so I thank you and also everyone who has replied to my post. and I now understand about bitcoin and crypto.
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December 30, 2022, 09:29:18 PM
 #23

hi friends everyone? This is my first post, and I'm not experienced in the world of crypto. I want to ask, what's the difference between bitcoin and crypto? I hope all my friends can explain to me,,?

Welcome to the forum.

Cryptocurrency is a general name for currencies that use cryptography.
Cryptocurrency is divided majorly into two;
1. Bitcoin BTC
2. Altcoins (Alternative coins).

BTC + Altcoins  = cryptocurrency

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Kaliandra (OP)
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December 31, 2022, 07:33:45 AM
 #24

This is a good and right question.

When Bitcoin was created,  the word "cryptocurrency" didn't exist. In fact it wouldn't exist for quite some time until people started creating modified copies of Bitcoin. That's when the need for a more general term arouse.

Originally "cryptocurrency" was defined as a currency that exists on a decentralized network of computers. But there are many cryptocurrencies that are not decentralized, and yet no one is bothered by this fact, despite their centralization defeating the whole purpose of cryptocurrency. This is because most people in crypto community only come here for high risk high reward trading and not actually to use cryptocurrency.

Crypto ecosystem is so toxic and useless that we might as well abandon it and say that Bitcoin is what Satoshi described it - a peer to peer digital currency.

now I understand with your good and reasonable explanation, I thank you.
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