What is the difference between Bitcoin and altcoins?

I am curious about the distinction between Bitcoin and altcoins. Can you explain the differences between these two types of cryptocurrencies in a concise manner, focusing on their unique characteristics and functionalities?

#Crypto FAQ

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50640**
Absolutely, that's
2025-01-23 07:51Trả lờiThích
50640**
I see your point, but there are nuances that
2025-01-23 07:51Trả lờiThích
50641**
Absolutely! The main difference between Bitcoin and altcoins lies in their purpose and technology. Bitcoin, created in 2009, is the first cryptocurrency and primarily serves as a digital currency and store of value. It operates on a decentralized network using blockchain technology. Altcoins, or alternative coins, are any cryptocurrencies other than Bitcoin. They often aim to improve upon Bitcoin's limitations or serve different purposes—like Ethereum’s smart contracts or Ripple’s focus on fast transactions for banks. Some altcoins also introduce unique features like privacy enhancements (e.g., Monero) or scalability solutions (e.g., Cardano
2025-01-23 07:51Trả lờiThích

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What is the difference between Bitcoin and altcoins?

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