What is the difference between Bitcoin and Altcoins

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 The newcomers to the cryptocurrency world are often confused about the difference between Bitcoin and Altcoins. In this article I will try to shed light on the differences between Bitcoin and the Altcoins.

What is exactly Bitcoin?

Bitcoin is the first type of cryptocurrency that came into existence in 2008. It was invented by a group of people with the alias "Satoshi Nakamoto". Bitcoin is a decentralized peer to peer currency, which means that all transactions happen directly between equal network independent people without the need for any intermediary to permit or facilitate them.

Satoshi Nakamoto once said that " Bitcoin was created to allow online payments to be sent directly from one person to another without going through a financial institution".

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What is exactly Altcoins?

Other then Bitcoin, all the other coins listed in the digital coin market cap are typically known as "Altcoins" i.e. that's why it contains "'s" in the last because it refers to all the coin in the digital market.

Altcoins originates from "Alternative Coins" which means an alternative to the Bitcoin. They are also cryptocurrencies that are also used in blockchain technology which allows for secure transaction like Bitcoin does "Peer to Peer".

Altcoins build on the success of Bitcoin by slightly changing the rules to appeal to different users.

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What makes Bitcoin that special?

There are many things that make Bitcoin special because it literally gave a new birth to an entirely new industry that anyone in the world from anywhere can do participation in mass bases.  

Bitcoin is itself the first in the area of crypto that started the pioneer of a industry that we known as Blockchain technology, the technology that powers the cryptocurrency.

Bitcoin has itself now been seen as a brand because of its following nowadays, Because their are bulk of people who have started investing in the Bitcoin. The Bitcoin itself is so popular in the youth as it trends in the social media platform that every single persons at least thinks once to invest in Bitcoin. In recent Bitcoin is providing a good amount of interest in offer but you have to invest it long for more Interest.

What other Altcoins Do?

In a line I want you make understand the difference between Altcoins and Bitcoin is " That every father has a dream that one day his child will surpass him, The same case is with the Altcoins and Bitcoins.

Altcoins uses the same concept as Bitcoins do but they take a step ahead by providing unique features then Bitcoin. As they the introduced the Idea of "smart contracts" which are codes that can automatically make an agreements between two parties using its Blockchain Technology.

Ethereum ,is the second top ranked Cryptocurrency which was introduced by market capitalization.

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