Bitcoin and altcoins

Bitcoin and altcoins (alternative coins) are both types of cryptocurrencies, but there are some key differences between them.

Bitcoin, as mentioned earlier, is the first and most well-known cryptocurrency. It was created in 2009 and operates on its own blockchain. Bitcoin’s main purpose is to be a decentralized digital currency that can be used for online transactions. It has a limited supply, with only 21 million bitcoins that will ever exist.

Altcoins, on the other hand, refer to any cryptocurrency that is not Bitcoin. There are thousands of altcoins available, each with its own unique features, purposes, and technology. Altcoins emerged after Bitcoin’s success, aiming to address certain limitations or introduce new ideas into the cryptocurrency space.